Stonebridge Property Group is pleased to present for sale Belconnen Convenience Retail, 7 fully leased high growth investments that offers the flexibility to acquire individual shops, groups of shops, or in-one-line.
Key highlights of the opportunity include:
- Modern daily needs, convenience and medical investment constructed in 2020 - 100% leased - national tenants Chemist Warehouse, Petbarn, a medical centre, gym and 4 complementary retailers - Strong rental growth, weighted avg. rent reviews of 3.8% pa + significant depreciation potential - Set within a dominant retail precinct, total trade area population of 511,000+ persons# - Mixed-use precinct - 8,000+ dwellings in the pipeline^ within the main trade area alone - Prominent 4,818 sqm* corner site, prior approval achieved for 169 units - Maximum flexibility - 7 lots incl. basement parking for 79 cars, 2 separate buildings, multiple value-add and exit strategies
*Approximately #Location IQ ^Location IQ, pipeline includes in planning, approved, under assessment, or under construction
Belconnen Convenience Centre is for sale individually, in groups, or in-one-line by public Expressions of Interest closing Wednesday 25 October 2023 at 4pm (AEDT)
To obtain further information or to arrange an inspection, please contact the Stonebridge team.