An Established Tenant. A Standout Property. A Winning Combination.

Unit 106, 19–21 Challis Street, Dickson ACT
Offers Over $1.5 Million

A commercial investment brings two things into focus: the quality of the tenant and the quality of the property. This opportunity offers a compelling combination of both.

Eden Hair Energy, established in 2014 and firmly established in the Dickson community, occupies modern commercial premises in the DKSN precinct.

Over $350,000 was invested in the fitout in 2020. The operator has continued to update and refresh the premises annually to maintain a high-end luxury business, demonstrating a substantial and ongoing commitment to the property and its customers.

The five-year lease has a commencement date of 1 July 2026 and a termination date of 30 June 2031, with two further five-year options and fixed annual rental increases of 3%.

The Tenant — Eden Hair Energy

Busy and booked in advance, Eden Hair Energy combines 12 years of business history with an established presence in the Dickson community. Its central and accessible location provides convenience for clients and staff.

Rent represents approximately 10% of turnover, compared with the stated industry benchmark of up to 15%, providing greater headroom to meet rental commitments. This ratio is achieved while the established business trades just four days per week.

The operator deliberately trades Wednesday to Saturday, achieving strong turnover while maintaining team work-life balance. Additional trading days may offer potential for further growth, subject to demand and the operator’s plans.

• Eden Hair Energy, established in 2014.
• 12 years of business trading history.
• Over $350,000 invested in the fitout in 2020.
• Annual updates and refreshes to maintain a luxury business environment.
• Rent approximately 10% of turnover.
• Deliberately trading Wednesday to Saturday.
• Five-year lease term: 1 July 2026 to 30 June 2031.
• Two further five-year options.
• Fixed annual rental increases of 3%, with market reviews at option exercise.

The Property — Visibility, Accessibility and Modern Presentation

Positioned on a prominent ground-floor corner opposite Dickson Bus Interchange and adjacent to ACT Government offices, the property combines visibility with convenient access for customers and staff.

The DKSN precinct brings together apartments, offices, hospitality, retail, childcare and government services. Nearby light rail connects the precinct with the broader city, while Canberra’s CBD is approximately just 3.5 kilometres away.

The premises comprise approximately 115m² of internal space, complemented by a substantial 78m² wraparound covered outdoor area and one basement car space.

• Ground-floor corner position beside a pedestrian plaza.
• Modern building constructed circa 2020.
• Approximately 115m² internal area.
• Approximately 78m² covered outdoor area.
• One basement car space.
• Internal amenities including, toilet, kitchenette and laundry.
• Ducted reverse-cycle air conditioning.
• Convenient access to bus and light rail services.

The Numbers — Income with Scheduled Rental Growth

Commencing gross rental income is $110,909 plus GST per annum.

After estimated owner’s outgoings of $21,458 per annum, the assessed net annual income is approximately $89,451, excluding GST.

This represents an indicative net yield of 5.96% at a purchase price of $1.5 million, before acquisition costs. The actual yield will depend on the agreed purchase price and operating expenses.

Fixed annual increases of 3% provide scheduled rental growth throughout the initial lease term, with market reviews applying at option exercise.

Considerable Remaining Depreciation Potential

Constructed circa 2020, the property offers the potential for considerable remaining depreciation deductions, which may enhance the purchaser’s after-tax return.

Available deductions will depend on qualifying construction costs, ownership of eligible assets and the purchaser’s circumstances. A qualified quantity surveyor can assess the remaining deductions and prepare a depreciation schedule.

The tenant’s fitout investment demonstrates its commitment to the premises. Purchaser deductions depend on which assets form part of the property acquisition.

An Established Business. A Prominent Property. Your Next Investment.

For investors who assess both the operator and the real estate, this opportunity brings together Eden Hair Energy’s established community presence, substantial ongoing investment, modern premises and a five-year lease term with further options.

Offers invited above $1.5 million.

Contact the agent to arrange a private inspection and request the lease documentation, property information and supporting financial details.

Areas are approximate. Financial estimates are based on the July 2026 assessment. Business history, fitout expenditure and operating information are vendor-advised. Depreciation eligibility and sale GST treatment require confirmation by the purchaser’s advisers.