Chisholm Village42-58 Halley St, CHISHOLM

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.