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Colliers - Canberra

72-74 Townshend Street Phillip, ACT 2606


72-74 Townshend Street,
Phillip, ACT 2606

Offices • Warehouse, Factory & Industrial

Price information

Sale - Expression of Interest

Please contact agent

Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Tenure type

Tenanted Investment Details

Fully Leased
Est. Incomep.a.
Number of Tenants
7 Tenants

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Colliers - Canberra
72-74 Townshend Street
Phillip, ACT 2606
Colliers - Canberra

Colliers - Canberra

Level 8, 68 Northbourne Ave
CITY, ACT 2601

Map of 72-74 Townshend Street

  • Bus stops within 5 km of 72-74 Townshend Street, Phillip, ACT 2606Distance
    Melrose Dr 2nd After Botany St187 m
    Melrose Dr After Hodgson CR238 m
    Athllon Dr After Parramatta St245 m
    Athllon Dr 2nd After Hindmarsh Dr283 m
    Melrose Dr After Botany St329 m

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).

Property ID: 503775190Last Updated: 16 Apr 2021

Agency contacts

Colliers - Canberra
Level 8, 68 Northbourne Ave
CITY, ACT 2601
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Samuel Pearson

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Samuel Pearson
Colliers - Canberra
72-74 Townshend Street Phillip, ACT 2606

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