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Manuka Terrace, Crn Franklin Street and Flinders Way, Griffith, ACT 2603

Manuka Terrace, Crn Franklin Street and Flinders Way, Griffith, ACT 2603

Retail

  • For Sale
  • Contact Agent
  • Expression of Interest

  • Floor Area
  • 6,747 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Jul 03, 2019
  • Car Spaces
  • 519

Interested in this property? Contact an Agent today

Stonebridge Property Group - Sydney

Level 29, 420 George Street

Sydney NSW 2000

Rare Inner-City Canberra Neighbourhood Centre

Stonebridge is pleased to present for sale Manuka Terrace, a rare inner-city Canberra neighbourhood shopping centre.

The key highlights of the opportunity include:

+ Trophy 6,747sqm* Coles anchored neighbourhood centre located 5km* from Canberra Civic
+ Dominant town centre position with abundant income producing parking for 519* vehicles
+ Highly affluent main trade area (MTA): per capita income level 84% in excess of Australian average^
+ MTA population forecast to grow by 2.0% p.a. to 2036 (Australian average 1.4% p.a.)^
+ Non-discretionary, food & services tenancy mix: 70%* of gross rent secured to Coles, Liquorland, McDonalds, Australia Post and major banks
+ Strong income growth potential: Coles & McDonalds in excess of turnover thresholds + attractive specialty growth provisions
+ Estimated fully leased NOI of $3.73m p.a., with significant value-add potential

*Approximate ^Location IQ

To discuss in further detail, or to arrange a presentation or inspection, please contact the exclusive selling agents Carl Molony on +61 439 032 028 or Jonathan Fox on +61 402 147 780.

Manuka Terrace is for sale by

Manuka Terrace, Crn Franklin Street and Flinders Way, Griffith, ACT 2603

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