Canberra unit with 10-year lease plus five-year option a double shot of happiness

Canberrans love their coffee and they are a largely loyal lot when it comes to their caffeine kicks – look at the daily queues that often snake out the front doors of our favourite cafes.

One of those is the Doubleshot cafe at the Deakin shops, a crowd-pleaser with locals and workers alike.

A tenant with repeat and happy customers is an indicator of a secure lease and that’s certainly the case here.

The business owners recently signed on for another 10 years of espressos, flat whites and smashed avo – along with a further five-year option.

That should very firmly press the hot button of any investor looking to add a prime “set and forget” asset to a property portfolio as there’s now an opportunity to buy the unit housing the cafe.

Now, let’s make it very clear: it’s the building that’s for sale, not the business – lest suddenly distressed Doubleshot customers further froth up their lattes!

Frank Giorgi of Ray White Commercial says the unit is a unique opportunity, rarely found in this vibrant Inner South precinct.

“Many potential investors say they’re looking for really good buying options,” he says. “Well, this is a prime opportunity for the astute investor looking for a trophy asset.”

Net income is around $115,000 a year, with a rental increase structure ensuring consistent returns and steady growth.

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