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ACT Neighbourhood Shopping Centre in Australia's Most Tightly Held Retail Market
Savills Retail Investments is privileged to offer the opportunity to acquire Chisholm Village, the first time in over four years that such a property has been formally offered to the market in Canberra.
Chisholm is a well-established and strong trading neighbourhood centre with a GLAR of 5,000sq m*. The unenclosed single level centre is anchored by a full line Coles supermarket, supported by a carefully curated mix of 16 specialty retailers and serviced by convenient on-grade parking for 234 vehicles.
The recent renewal of Coles' lease along with a significant store refurbishment, to be completed by Coles, underscores the centres stability.
Further enhancing the centres investment appeal is a recently agreed deal and DA approval for a KFC Drive-through restaurant and new car wash.
Investment Highlights:
- Coles/Liquorland occupy 56% of the GLA and account for 41% of the gross income
- Site area of 9,902sq m*
- Main Trade Area population of 47,814 (Macroplan)
- The only double supermarket group centre in the Main Trade Area
- DA approval in place and terms agreed for KFC Drive-Thru and a new car wash
- Four (4) separate titles providing excellent optionality and future exit strategies
- Due to proximity to Monaro Hwy, McDonalds remain committed to opening a Drive-Thru
- Estimated fully leased net income of $3,235,000pa
*Approx.
For Sale via Expressions of Interest closing 4pm (AEST), Thursday 22 August 2024.
Level | Tenancy | Sale Type | Price | AreaSqm | Status |
---|---|---|---|---|---|
n a | Expression of Interest | 5000.00sq m | Available |