2 Cape St - Coventry 1,259 SF Retail Condo Unit Offered at $880,725 in Dickson, ACT 2602

Ground-floor retail premises located on Cape Street in Dickson. The property is 117 m² with a double shop frontage and one basement car space. Positioned adjacent to Woolley Street with proximity to a light rail station and Dickson Bus Interchange. The immediate area includes mixed-use developments and established commercial operators.

This high-exposure retail investment is situated in the heart of Dickson, one of Canberra’s most dynamic lifestyle and business precincts. The 117 m² ground-floor premises feature a prominent double shop frontage facing busy Cape Street, ensuring excellent visibility and sustained foot traffic. Its location provides seamless accessibility from the Light Rail stop and Dickson Bus Interchange, making it a central hub for commuters and locals alike.
Currently leased to a long-standing business, the property offers stable rental income with a lease term renewed in July 2025 for 5 years plus a 5-year option. Annual rental increases are pegged at 3.5%, providing consistent growth opportunities for investors. With one allocated basement car space and easy short-term and pay parking for customers, the asset maintains a high convenience factor.
The property benefits from its placement in a fast-growing area surrounded by significant residential and mixed-use projects including DKSN and Malabar Dickson. With no stamp duty on commercial property acquisitions in the ACT, this property presents both immediate yield and long-term value potential in a highly sought-after location.