Manuka Terrace, Crn Franklin Street and Flinders Way Griffith, ACT 2603
Rare Inner-City Canberra Neighbourhood 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