Manuka Terrace
Crn Franklin Street and Flinders Way, Griffith ACT

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 enquiries@stonebridge.com.au

Manuka Terrace is for sale by International Expressions of Interest closing 4pm (AEST) on Wednesday 8 May 2019.