'Stake a place in Queanbeyan’s future' with this commercial building

There’s no doubt Queanbeyan offers greater value for money when buying residential or commercial properties.

That’s somewhat amazing given it’s just a little further from the Canberra CBD than, say, the Gungahlin Town Centre.

Queanbeyan commercial property prices also offer more bang for buck when it comes to running costs such as rates and other charges.

Why wouldn’t you go where the buying dollar stretches further? That’s a question that canny investors might ponder when checking out this three-storey building in central Morisset Street.

Those floors pack in 495 square metres of lettable space including the local office of the NSW Teachers Federation.

The ground-floor tenancy (165 square metres) is now available for lease. When fully tenanted the property could deliver an annual net return of nearly 8 per cent.

Lucas Brinkmeyer of Knight Frank Canberra says the building is ideally located in a high-traffic area.

“You can tell this by its neighbours, including the Queanbeyan Hospital, Riverside Plaza and a number of big brand retailers,” he says.

“Not only that, it’s within walking distance of a GP super clinic and other medical options and close to great amenities like Bicentennial Park.”

Brinkmeyer believes the opportunity is worth investigating.

“It’s a substantial asset that offers a solid return and it’s a great opportunity to stake a place in Queanbeyan’s future,” he says.

28 Morisset Street, Queanbeyan

Price guide: $1.95 million

Agent: Knight Frank Canberra, Lucas Brinkmeyer 0419 383 818