Skip to main content
72-74 Townshend Street
Phillip ACT 2606
SearchBack to results
Sold on 18 Jun 2021

72-74 Townshend Street Phillip ACT 2606

  • Offices
  • 1,032 m²
  • Sold

Strategic Investment in Canberra Growth Area

  • 100% occupancy with 3.55-year WALE
  • Prominent corner building - 1,032m² NLA
  • Value-add & redevelopment opportunities^

72-74 Townshend Street, Phillip presents an outstanding opportunity to purchase a high-profile, freestanding office / retail building in the growing Phillip precinct. Located on the fringe of the Woden Town Centre, the building is presently 100% occupied to a mix of long-standing tenants and has been future proofed with numerous recent capital upgrades including the addition of a lift. The large corner site has exposure to passing traffic and includes triple-street frontage and on grade car parking at the rear for 15 vehicles.

Investment highlights include:
- 100% occupancy supported by 7 tenants including a number of long-term occupants and recent renewals
- 3.55-year WALE by income*
- Staggered lease expiries with the potential to extend leases and improve income
- Fixed rental escalators for the majority of leases
- Future redevelopment opportunities^
- High exposure corner site of 1,079m² with 15 dedicated car spaces
- Numerous capital expenditure upgrades including addition of building lift and building aesthetics*

72-74 Townshend Street is underpinned by a diverse tenant mix, including a national construction company, office users, retailers as well as health and beauty operators. Phillip is a growing commercial hub in Canberra with Government and private sector employment, new residential developments increasing population growth and major infrastructure projects mooted for the surrounding area. The property presents a strategic opportunity for investors to secure an asset with passive income and alternative long-term strategies^.

The property is offered for sale via an Expressions of Interest campaign closing 15 April 2021 at 4pm (AEST).

 Colliers Canberra
Colliers Canberra
Level 8/68 Northbourne Ave
Canberra, ACT 2600

Property Highlights

Date Sold18 Jun 2021
Floor Area1,032 m²
Land Area1,079 m²
EnergyAsk Agent
ParkingAsk Agent
Property ID2016847329
Category
Last updated  14 Jul 2021
Map for 72-74 Townshend Street Phillip ACT 2606

Nearest transport* to 72-74 Townshend Street Phillip ACT 2606

Bus
Melrose Dr After Hodgson Cr230 m
Athllon Dr after Parramatta St249 m
Athllon Dr opp Parramatta St277 m
Athllon Dr opp Shea St349 m
This data is © 2024 Transport Canberra, licenced under CC BY 4.0.
*Within a 4km radius
Did you find this helpful?
Yes
No
 Colliers Canberra
Colliers Canberra
Level 8/68 Northbourne Ave
Canberra, ACT 2600

Property Highlights

Date Sold18 Jun 2021
Floor Area1,032 m²
Land Area1,079 m²
EnergyAsk Agent
ParkingAsk Agent
Property ID2016847329
Category
Last updated  14 Jul 2021

Listed by

Matthew Winter
Matthew Winter
Colliers Canberra
Call
+61 432 344 684

More about 72-74 Townshend Street Phillip ACT 2606

72-74 Townshend Street Phillip ACT 2606 is categorized as Office. It has a floor area of 1,032 m². The listing ID for this property is 2016847329.

More Offices properties for Sale in Phillip ACT

Sold
whole whole/50-52 colbee court,phillip, ACT 2606
680 m²
Offices
Sold
rare phillip building for sale/30-32 colbee court,phillip, ACT 2606
650 m²
Offices
Sold
ground unit 1/16 wilbow street,phillip, ACT 2606
65 m²
Offices