Unit 3/49- 51 Colbee Court offers a fantastic opportunity for an astute investor to secure a in one of Phillip's busiest streets.
The 170 sqm strata unit is located on the first floor of the building which is set along an array of thriving businesses and surrounded by ample parking options for clientele.
The tenant, who has occupied the premises for over a decade, has committed to a 2 year + 2 year + 2 year lease that commenced on 1 March 2023, providing a net return of $45,311.57* + GST per annum with 3% increases under the new lease.

• 2 year + 2 year + 2 year lease, commenced 1 March 2023
• Current net return of $45,311.57* + GST per annum
• Long-standing tenant
• 170sqm strata unit
• Prime location on busy street
• Wide purpose clause
• First floor walk-up
• 2 x toilets
• Ducted Air-conditioning
• Available parking in common area
• NO STAMP DUTY
• No GST applicable (as going concern)

Estimated outgoings:
Body Corporate Levy - $875.30* pq
Rates -$1,773.44* pq
Water & Sewerage - $175.56* pq

Phillip is the center point of the Woden Valley and serves as the major commercial hub for the district.
It houses a vast array of businesses that thrive from its favourable location being surrounded by multiple suburbs with estimated population of 39,300, it also attracts residents for neighbouring districts that take advantage of its prime location in northern Tuggeranong and Weston Creek.

*Approximate