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Colliers - Canberra

72-74 Townshend Street Phillip, ACT 2606

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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

Occupancy
Fully Leased
Est. Incomep.a.
$221,000
Number of Tenants
7 Tenants

Private inspections

to arrange a private inspection.
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

Directions
  • 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
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POWERED BY HERE ©

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

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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