The suburb of Greenway is located in the Tuggeranong Valley in the south of Canberra and incorporates the Tuggeranong Town Centre. The Tuggeranong Town Centre is located 20 minutes drive south of the CBD and airport, with the nearest town centre being Woden, 10 minutes drive north. The property itself enjoys a prominent corner location benefiting from fantastic signage and high exposure to traffic entering and exiting the car park for the town centres regional shopping centre, Tuggeranong Hyperdome.
The Tuggeranong Town Centre is anchored by the Commonwealth Government through public service employment for the Departments of Human Services, Families, Housing, Community Services and Indigenous Affairs, Centrelink and the Health Insurance Commission (including Medicare). The Tuggeranong Hyperdome provides the major shopping destination in the Tuggeranong Valley being anchored by Myer, Woolworths, Coles and K Mart. Other major retailers in the Town Centre include Bunnings, The Good Guys, BCF, Petbarn and Officeworks to name a few.
This property comprises 8 strata office units located on the first floor of the building that are currently configured to provide one tenancy for the existing tenant. The area totals 794 sqm (as per the units plan) and could readily be reconfigured to return the premises to its originally intended subdivision, with the individual units ranging in size from 55 sqm to 128 sqm.
The premises offer high quality modern carpeted and air conditioned north facing office accommodation with excellent natural light, elevated ceilings and 24 car spaces. There is a significant fit out in place (belongs to tenant) that includes spacious reception area, 45 workstations, 7 offices, 3 conjoining meeting rooms, huge breakout/kitchen, separate kitchenette, utility area and 3 store rooms.
The building itself is serviced by a lift, excellent toilet/shower facilities and features 10 ground floor shops and 14 first floor office suites (although a significant number of these units have been consolidated for larger users). At the rear of the building is a two level car park providing ample car spaces for unit occupiers and visitors. There is ample surface public parking immediately across the road for additional parking.
The property is currently occupied by LJ Hooker Tuggeranong who have just entered into a new lease agreement for Units 11-14 and 15 on a 3 + 3 year lease from 1 July 2014. The rent will be fixed for the initial 3 year lease term with a market rent review on 1 July 2017. The current net is circa $96,851 pa and fully leased, it is expected that this property would achieve a net annual rental of approx $129,851.00 pa plus GST.
