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195 Gorman Drive Googong NSW 2620

  • Retail
  • 1,612 m²
  • For Sale, Asking $7.5m (under offer)

Prime Local Centre Retail Investment - 9.7 Year WALE, 2.8% Vacancy

  • 9.7 Year WALE based on Revenue
  • First local centre for Googong
  • Brand new building with depreciation

Googong is new master planned township located south-east of Queanbeyan and approximately twenty minutes from Canberra CBD.

The North Village Centre is Googong's first commercial centre offering a diverse range of small retail shops and services including Canons IGA supermarket, child care and a community center and more.

Read more about the Googong at http://googong.net/

Construction will be complete in May 2018.

The North Village Centre in Googong comprises 3 buildings. Today we are selling Building B which is a 2 level building with the following tenants currently organising fitouts:

Ground Floor:
+ Cannons IGA Supermarket - New 10 year lease
+ Cannons IGA Liquor - New 10 year lease
+ Hair Salon - New 10 year lease
+ 50sqm vacant

Whole First Floor:
+ Club Lime - The largest locally owned gym operator in the Canberra region

Building B has an estimated Net rent of $413,454 + GST per annum plus a estimated further $35,000 + GST per annum when the last remaining 70sqm is leased.

The total estimated net rent for the building is $453,867 + GST per annum (escalated annually in line with the respective leases)

Building B in the North Village Centre of Googong is for sale with an asking price of $7.5m showing an estimated net return of 6.05% per annum when fully leased.

Call Alex Smith now on 0409 007 649 or Chris Antos on 0422 837 647 to arrange an inspection.

Property Highlights

Property ID2014350468
Floor Area1,612 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  14 May 2018
Map for 195 Gorman Drive Googong NSW 2620
Map for 195 Gorman Drive Googong NSW 2620195 Gorman Drive Googong NSW 2620
Laing+Simmons Commercial Canberra
91 Northbourne Ave Turner ACT 2612

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