Commercial opportunity in thriving Murrumbateman regional centre

Investors and developers will recognise the appeal of Murrumbateman as a gateway to the ACT and as a destination for wine, food and equestrian activities.

And they should be further buoyed by the uptick from homebuyers who have endorsed the new Fairley Estate as a lifestyle choice through its proximity to Canberra and Yass.

Burgess Rawson is now offering a development opportunity through the sale of a sought-after 1.54-hectare commercial hub with five DA-approved buildings.

"There's already a heads of agreement with building 'A' leased to Zierholz brewery, a craft beer specialist and restaurant operator," says Burgess Rawson managing director Guy Randell.

"That's for a 15-year lease with two five-year options and 4 per cent annual rent increases."

Randell says net income would be about $370,400 a year plus GST and outgoings, with the lease term beginning from the certificate of occupancy. Buildings B to E have been DA-approved for commercial tenants and range in size from just over 200 square metres to just under 500 square metres.

"The overall site would be highly attractive to an investor-developer through the agreement with Zierholz along with solid interest from a range of other potential tenants," Randell says

"We think a good commercial balance might include a cafe, bakery, post office and the like."

PRICE GUIDE: Price on request

AGENT: Guy Randell & Mitchell Frail, Burgess Rawson Canberra, 0430 272 999 & 0429 103 979

This story Commercial opportunity in thriving Murrumbateman regional centre first appeared on The Sydney Morning Herald.