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Stonebridge Property Group - Sydney

Manuka Terrace, Crn Franklin Street and Flinders Way Griffith, ACT 2603

For Sale - Expression of Interest

Manuka Terrace, Crn Franklin Street and Flinders Way Griffith, ACT 2603

Shop & Retail
Sale Price

Contact Agent

Floor area

6747.0m²

Car spaces

519

Tenure type

Tenanted Investment

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 ID: 503154058Last Updated: 22 May 2019

+61 *** ***
Stonebridge Property Group - Sydney
Manuka Terrace, Crn Franklin Street and Flinders Way
Griffith, ACT 2603
Carl Molony

Stonebridge Property Group - Sydney

Level 29, 420 George Street
SYDNEY, NSW 2000

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Stonebridge Property Group - Sydney

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Stonebridge Property Group - Sydney

Level 29, 420 George Street
SYDNEY, NSW 2000
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Carl Molony

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Carl Molony
Stonebridge Property Group - Sydney
Manuka Terrace, Crn Franklin Street and Flinders Way Griffith, ACT 2603

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

Kind Regards,

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  • Carl Molony

    Carl Molony

    Stonebridge Property Group - Sydney
    +61 *** ***