Opportunities like this do not come up often within the ever-popular Manuka restaurant/retail precinct. This extensive property is divided into two tenancies of approximately 186sqm and 80sqm with an 80sqm storage area. Both tenancies are leased to reputable longstanding tenants with a great rental history. Situated on a 286sqm block and boasting excellent exposure to both Franklin Street and Palmerston Lane, other features include extensive glass shop-fronts, great signage, grease trap, 3 phase power and internal amenities. This is a perfect opportunity for an investor looking to break into the tightly held Manuka property market.
Approximate Net Income = $128,255.13pa (after recovering outgoings)
Superbly located on Franklin Street in the inner southern suburb of Griffith (Manuka), this property enjoys a prominent location where vacancy is rarely seen. As part of the blue-chip Manuka Shopping precinct, the property is located across the road from the Capitol Cinemas and a stone's throw from both Manuka Plaza and Manuka Oval. The property also enjoys rear access and frontage to Palmerston Lane that runs through the centre of the Manuka Shops.
Manuka is Canberra's boutique inner southern suburb, being located next to the Parliamentary Triangle, 5 minutes' drive from the CBD and 10 minutes to the airport. Enjoying the leafy surrounds of this affluent suburb, this location is ideal for businesses that services the residents of the inner south and/or the nearby government departments.
Nearby businesses include Coles Supermarket, Commonwealth Bank, Vintage Cellars, Westpac, St George, ANZ, NAB, Priceline Pharmacy, Subway, Zambrero, CBA, Witchery, McDonald's, Flight Centre, Grill'd, Urban Pantry, Ona Coffee, Public Bar, Event Cinemas and many other quality national and local operators.
Auction to be held on site - Saturday the 5th of August 2017 at 10.30am
Please contact Lachlan or Mark for a detailed information memorandum.
