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Crn Franklin Street And Flinders Way, Griffith ACT 2603

  • Retail
  • Floor Size6,747 m²
  • PriceFor Sale, Contact Agent

Rare Inner-City Canberra Neighbourhood Centre

Stonebridge is pleased to present for sale Manuka Terrace, a rare inner-city Canberra neighbourhood shopping centre.

The key highlights of the opportunity include:

+ Trophy 6,747sqm* Coles anchored neighbourhood centre located 5km* from Canberra Civic
+ Dominant town centre position with abundant income producing parking for 519* vehicles
+ Highly affluent main trade area (MTA): per capita income level 84% in excess of Australian average^
+ MTA population forecast to grow by 2.0% p.a. to 2036 (Australian average 1.4% p.a.)^
+ Non-discretionary, food & services tenancy mix: 70%* of gross rent secured to Coles, Liquorland, McDonalds, Australia Post and major banks
+ Strong income growth potential: Coles & McDonalds in excess of turnover thresholds + attractive specialty growth provisions
+ Estimated fully leased NOI of $3.73m p.a., with significant value-add potential

*Approximate ^Location IQ

To discuss in further detail, or to arrange a presentation or inspection, please contact the exclusive selling agents Carl Molony on +61 439 032 028 or Jonathan Fox on +61 402 147 780.

Manuka Terrace is for sale by International Expressions of Interest closing 4pm (AEST) on Wednesday 8 May 2019.

Property Highlights

Property ID2015118978
Floor Area6,747 m²
Land AreaAsk Agent
Parking519 x Onsite parkings
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  3 Apr 2019
Map for Crn Franklin Street And Flinders Way, Griffith ACT 2603
Stonebridge Property Group
Level 29, 420 George Street Sydney NSW 2000

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