This shop is situated under the Malabar Apartment in the heart of Dickson, a suburb experiencing significant growth and transformation, largely due to numerous apartment developments underway. This influx of residents is expected to increase local foot traffic, offering enhanced business opportunities for the new owner. The investment in this property is not just for its current value, but also for its potential in a rapidly evolving and expanding community.
The commercial shop located at 8 Cape St, Dickson, ACT 2602, is a prime piece of real estate currently available for sale. This property, priced at $895,000, offers a versatile space of 76 sqm internally, with an additional 32 sqm of external area, ideal for various business models including cafes, retail stores, or service-oriented establishments. The space comes with one designated car space, and there's an option to rent additional parking long term via Wilson Parking. The current annual rent is $50,265.40, with a 3% increase from 1 December annually. The current lease ends on 30 December 2025. At that point a rent review will be conducted, the tenant can then decide whether to exercise the 5 years lease extension option.
The building profile at 8 Cape St indicates a mix of ownership, with 75% owner-occupied and 25% rented units.
Other key commercial tenants in the same building are:
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Chinatown never sleeps. Dickson, a suburb in the Australian Capital Territory (ACT), is currently undergoing significant renewal and development, making it an appealing location for investment, particularly in commercial units. The area is benefiting from a range of upgrades in the Dickson Group Centre, aimed at enhancing the multicultural shopping and dining precinct. These upgrades include streetscape improvements on Woolley Street, an annual Lunar New Year Celebration, and upgrades to the Dickson Shops with a master plan for future streetscape enhancements. These projects are designed to support Dickson's rapidly growing residential and employment population, complementing private investment in the area
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A key aspect of the renewal has been the introduction of light rail, a new public transport interchange, and major office and retail developments. These infrastructure improvements are not only increasing accessibility but also boosting foot traffic and consumer engagement in the area. This ongoing transformation is geared towards making Dickson an attractive and accessible public space for locals and visitors, which includes supporting dining, shopping, and other business activities. The focus on community-driven development ensures that the area remains a unique and much-loved public space, thereby enhancing the potential for successful commercial ventures.
Distance to Dickson bus interchange - 200m
Distance to Daramalan College 400m
ACT Government - 300m
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Hakko Bakery, located in Dickson, offers a unique and engaging experience that goes beyond traditional bakery offerings. Its standout feature is the use of a robot to deliver drinks, such as cappuccinos with personalized latte art, drawing customers in with this novelty. The bakery's menu is influenced by Taiwanese and Japanese culinary traditions, showcasing an array of savory breads, buns, and baked goods.
The current tenant invested over half a million dollar into the shop fitting.
The property also incurs a quarterly levy of $1,318.22, an annual water bill of $667.34, and a yearly rate of $4,044.57.
$890,000.00 (excluding GST.)
The property is to be sold as a going concern.
No stamp duty payable on the purchase.