Share this property

realcommercial.com.au

Unit 2, 38 Franklin Street Griffith, ACT 2603

Directions

Unit 2, 38 Franklin Street,
Griffith, ACT 2603

Shops & Retail

Price information

Sold

$2,200,000

Key property information

Land area

Floor area

Tenure type

Sold on

Map of Unit 2, 38 Franklin Street

Directions

Manuka Investment Opportunity - Auction

Opportunities like this do not come up often within the ever-popular Manuka restaurant/retail precinct. This extensive property is divided into two tenancies of approximately 186sqm and 80sqm with an 80sqm storage area. Both tenancies are leased to reputable longstanding tenants with a great rental history. Situated on a 286sqm block and boasting excellent exposure to both Franklin Street and Palmerston Lane, other features include extensive glass shop-fronts, great signage, grease trap, 3 phase power and internal amenities. This is a perfect opportunity for an investor looking to break into the tightly held Manuka property market.

Approximate Net Income = $128,255.13pa (after recovering outgoings)

Superbly located on Franklin Street in the inner southern suburb of Griffith (Manuka), this property enjoys a prominent location where vacancy is rarely seen. As part of the blue-chip Manuka Shopping precinct, the property is located across the road from the Capitol Cinemas and a stone's throw from both Manuka Plaza and Manuka Oval. The property also enjoys rear access and frontage to Palmerston Lane that runs through the centre of the Manuka Shops.

Manuka is Canberra's boutique inner southern suburb, being located next to the Parliamentary Triangle, 5 minutes' drive from the CBD and 10 minutes to the airport. Enjoying the leafy surrounds of this affluent suburb, this location is ideal for businesses that services the residents of the inner south and/or the nearby government departments.

Nearby businesses include Coles Supermarket, Commonwealth Bank, Vintage Cellars, Westpac, St George, ANZ, NAB, Priceline Pharmacy, Subway, Zambrero, CBA, Witchery, McDonald's, Flight Centre, Grill'd, Urban Pantry, Ona Coffee, Public Bar, Event Cinemas and many other quality national and local operators.

Auction to be held on site - Saturday the 5th of August 2017 at 10.30am

Please contact Lachlan or Mark for a detailed information memorandum.

Property ID: 502457206Last Updated: 6 Nov 2017

02 6275 14...
realcommercial.com.au logo
Unit 2, 38 Franklin Street
Griffith, ACT 2603
RWC - Canberra
Level 1, 32 Lonsdale Street
BRADDON, ACT 2612
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.