This modern, high-profile retail asset in Canberra is for sale by Public Auction and presents an outstanding long-term, blue-chip investment that is 100% leased to Australia’s largest supermarket operator – Woolworths Limited.

80 Lance Hill Avenue is situated on a land-rich 2,851m² site in close proximity to the Belconnen and Gungahlin Town Centres. The 784.5m² free standing building was purpose built to tenant specifications in 2011 and is leased to Woolworths Limited on a long-term arrangement expiring October 2026 with a further 3 x 5 year options to 2041. The property provides an estimated Net income of $283,666 ex. GST p.a.

Woolworths Limited are the largest supermarket operator in Australia with 955 stores, 155,000 employees and are presently ranked 23rd globally by retail company revenue as outlined in Deloitte’s 2017 ‘Global Powers of Retail’ report.

In addition to the excellent investment fundamentals, 80 Lance Hill Avenue is positioned in the heart of the residential suburb Dunlop and is the only retail offering catering to an estimated population of 7,300 residents. The property is zoned CZ4: Local Centre, which provides purchasers with the ability to consider a number of alternative long-term options for the property including residential (subject to approval).

80 Lance Hill Avenue is for sale via public Auction on Thursday 19 April 2018 at 11am AEST. Interested parties are encouraged to contact Colliers International for more information.