G03, 2 Gribble Street, Gungahlin, ACT 2912

An outstanding opportunity for investors seeking secure income, long-term lease security and fixed rental growth in one of Gungahlin's established commercial precincts.

Positioned within the popular Jade development, this 72 m² commercial premises offers an attractive investment proposition backed by a new long-term lease, tenant-paid outgoings and guaranteed annual rental increases.

Investment Highlights

• 72 m² commercial premises

• Current rent: $48,600 p.a. + GST + outgoings

• 5-year lease Commenced since 1 July 2026

• Further 3-year + 5-year lease options

• 4% fixed annual rental increases

• Tenant responsible for outgoings as per the lease 

• Established Gungahlin Town Centre location

• Attractive opportunity for passive commercial property investors

Strong & Predictable Rental Growth

The fixed 4% annual increases provide investors with clear and predictable income growth throughout the initial lease term.

Current annual rent: $48,600

Year 2: $50,544

Year 3: $52,566

Year 4: $54,669

Year 5: $56,856

This provides approximately $263,000 in base rental income over the initial five-year lease, before GST and subject to the terms of the lease.

Current Gungahlin Leasing Evidence

The property's current rental of approximately $639/m² p.a. compares favourably with advertised rents for smaller commercial premises in the Gungahlin market:

• 171/2 Gribble Street - 88 m²

Advertised at approximately $650/m² p.a.

• 427/1 Anthony Rolfe Avenue - 69 m²

Advertised at approximately $681/m² p.a.

• 61 Camilleri Way - 119 m²

Advertised at approximately $620/m² p.a.

This provides useful market context for the existing rental income.

Selected Commercial Sales Evidence


• 183 & 184/6-8 Gribble Street, Gungahlin

277 m² - Sold for $1,650,000 in 2024

• 172/2 Gribble Street, Gungahlin

82 m² - Sold March 2023

The property was offered as a tenanted investment generating approximately $46,904 p.a. net, with a 7 + 5-year lease structure and 4% annual increases. Sale price was not publicly disclosed.

• 7/4 Riley Place, Ngunnawal

101 m² - Sold for $750,000, with approximately $42,000 p.a. net rental income.

Why Investors Should Consider This Property

Commercial investments offering a fresh five-year lease, fixed 4% annual rental increases and further lease options can provide investors with greater certainty around future income.

With the initial five-year term complemented by further 3 + 5-year options, the lease structure provides the potential for a long-term tenant relationship extending well beyond the initial term.

Combined with its Gungahlin Town Centre location, market-aligned rental income and tenant-paid outgoings, G03/2 Gribble Street represents an opportunity to secure a compact commercial investment with strong income fundamentals and built-in rental growth.

Outgoings:
Strata: 1,214.59 pq
Council: 1,097.00 pq

Secure income. Fixed rental growth. Long-term investment potential.

Contact us today to obtain further information, lease details and arrange an inspection.