Exclusive marketing agents Burgess Rawson are proud to present the Green Square Centre, Kingston ACT for sale, which presents an amazing opportunity to be part of the renewal of one of Canberra's iconic suburban centres.
Located in the heart of Kingston's bustling Green Square, which features numerous cafes, shops, specialty retailers and bars with a total building GFA of 1600sqm approx.
The building fronts Green Square, and backs onto Highgate Lane which provides excellent access for delivery, services and secondary access for tenancies.
Green Square Centre is an exceptional opportunity to refit, develop and or owner occupy the premises and create the environment of your choice or for a savvy tenant, whilst potentially increasing the income by approximately $600,000 pa + GST for an exceptional long term investment opportunity.
New developments in the area include allocation for a new mixed use development including a supermarket and underground car park and allowing buildings facing Highgate Lane to reach 5 stories under the new Kingston Masterplan.
Green Square Centre is currently 80% vacant and provides holding income for any potential purchaser, while they develop their plans to renew one of Canberra's iconic buildings.
Current Income (two tenancies): $74,660 pa + GST approx
