101 Monaro St 4,230 SF 100% Leased Retail Building Queanbeyan, NSW 2620 $1,327,495 ($313.81/SF)

101 Monaro Street represents a rare opportunity to acquire a high-performing commercial asset in the heart of Queanbeyan’s vibrant CBD. Positioned along Monaro Street, the city’s primary commercial corridor, this property offers exceptional visibility, strong pedestrian traffic, and proximity to Canberra’s rapidly expanding market. The asset is secured by a long-term lease through October 2026, with a five-year renewal option, delivering annual rental income exceeding $65,000 and fixed 3% annual increases. With the tenant responsible for 100% of outgoings, this is a low-maintenance investment with strong income security.
The property’s flexible design provides significant upside potential. The ground floor comprises approximately 260 m² of prime commercial space with rear lane access for convenient deliveries. A private entry and internal staircase lead to an upper level that can accommodate up to eight additional office or bedsit tenancies, offering an estimated $1,200–$1,500 per week in extra income. Combined with Queanbeyan’s strong economic growth, limited commercial vacancies, and proximity to Canberra, this property is ideally positioned for investors seeking immediate returns and long-term capital growth.