Vue Promenade is an exciting new mixed use development which adds a new dimension to the Tuggeranong Town Centre. Comprising of over 220 residential/serviced apartments & 12 consecutive ground floor retail units this development is the largest of its kind within Tuggeranong.
This is a fantastic opportunity to purchase a strata titled retail investment property leased until November 2018 with a further 5 year option. The net annual income is estimated at $25,347.00 pa + GST with the lease providing annual increases of 3.5% and the tenant being responsible for the increases in statutory outgoings. The property comprises of a retail shop of approximately 89sqm, 3 designated secure car spaces and a 12sqm colonnade area facing Anketell Street. Other notable features include an extensive glass shop front, air conditioning and common amenities.
Vue Promenade is well located between the Tuggeranong Hyperdome, the brand new 26,000sqm DHS building and the Tuggeranong bus interchange. Tuggeranong is Canberra's most southern group centre with a catchment of around 80,000 people and is serviced by the Tuggeranong Hyperdome which houses an abundance of retailers including Woolworths, Coles, Target, Kmart, Best and Less, JB HIFI, Rebel Sport and Limelight Cinemas.
For more information please call Lachlan Fitzpatrick on 0411 374 432.
