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, or email firstname.lastname@example.org
Manuka Terrace is for sale by International Expressions of Interest closing 4pm (AEST) on Wednesday 8 May 2019.