Fully Tenanted Investment – Small But Sweet in the Heart of Turner
A Smart, Affordable Inner North Investment – Low Hassle, High Convenience

SOLD – 15/5 McKay Gardens, Turner ACT
Unconditionally Sold for $378,000

Sold after a 4 – week marketing campaign with 3 active registered bidders and strong competition on auction day.
Achieved unconditional sale on auction day with a 30-day settlement in place.

This result highlights the strength of well-managed campaigns in the Inner North commercial market.

Address: Unit 15/5 McKay Gardens, Turner ACT
Published Reserve: $360,000
Lettable Area: 67 sqm
Zoning: CZ2 – Business Zone
Tenant: Maven Dental Group Pty Ltd
Current Rent: $36,906 + GST p.a.
Outgoings: $17,016 p.a.
Net Income: Approx. $19,890 p.a. (excl. GST)

Property Highlights
• 67 sqm ground-floor unit in McKay Gardens Professional Centre
• Existing fit-out with reception, consultation room, open-plan area, kitchenette & storage
• Exclusive-use courtyard with leafy outlook
• 1 secure basement car park
• Zoned CZ2 – suitable for medical, allied health, or consulting use
• Short walk to ANU, light rail, and only 1.3km to Canberra CBD
• Ongoing lease – consistent tenancy ongoing for 15 years
• Secure tenant – current lease expiring Sep 2026 with 5 year option

Outgoings Summary
• General Rates – $7,101
• Water and Sewerage Rates – $804
• Strata Levies – $8,111
• Administration/Management Fee – $1,000
Total Expenditure – $17,016

Inspections:
• Every Saturday, 9:30 AM – 10:00 AM
• Commencing 31/05/2025
• Or by appointment

Auction Details
1. Auction: On-site at the property
2. Date: Sunday, 22 June 2025
3. Time: 11:00 AM
4. Inspections: every Saturday, 9:30 AM until 10:00 AM or by appointment
5. Note: Property will not be sold prior to auction to allow all interested parties time to organise finance and review property documentation
6. Settlement Terms: 30 – 60 day settlement period offered, nominated by buyer at exchange
7. Stamp Duty: Exempt – what you bid is what you pay
8. Deposit: Payable on the day of auction. Part deposit accepted, but the full 10% remains at risk in the event of buyer default

Contact us today to receive the Information Memorandum and register to bid. A smart, affordable Inner North commercial investment low hassle, high convenience.