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195 Gorman Drive Googong

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Prime Local Centre Retail Investment - 9.7 Year WALE, 2.8% Vacancy

Googong is new master planned township located south-east of Queanbeyan and approximately twenty minutes from Canberra CBD.

The North Village Centre is Googong's first commercial centre offering a diverse range of small retail shops and services including Canons IGA supermarket, child care and a community center and more.

Read more about the Googong at http://googong.net/

Construction will be complete in May 2018.

The North Village Centre in Googong comprises 3 buildings. Today we are selling Building B which is a 2 level building with the following tenants currently organising fitouts:

Ground Floor:
+ Cannons IGA Supermarket - New 10 year lease
+ Cannons IGA Liquor - New 10 year lease
+ Hair Salon - New 10 year lease
+ 50sqm vacant

Whole First Floor:
+ Club Lime - The largest locally owned gym operator in the Canberra region

Building B has an estimated Net rent of $413,454 + GST per annum plus a estimated further $35,000 + GST per annum when the last remaining 70sqm is leased.

The total estimated net rent for the building is $453,867 + GST per annum (escalated annually in line with the respective leases)

Building B in the North Village Centre of Googong is for sale with an asking price of $7.5m showing an estimated net return of 6.05% per annum when fully leased.

Call Alex Smith now on 0409 007 649 or Chris Antos on 0422 837 647 to arrange an inspection.

Prime Local Centre Retail Investment - 9.7 Year WALE, 2.8% Vacancy

Googong is new master planned township located south-east of Queanbeyan and approximately twenty minutes from Canberra CBD.

The North Village Centre is Googong's first commercial centre offering a diverse range of small retail shops and services including Canons IGA supermarket, child care and a community center and more.

Read more about the Googong at http://googong.net/

Construction will be complete in May 2018.

The North Village Centre in Googong comprises 3 buildings. Today we are selling Building B which is a 2 level building with the following tenants currently organising fitouts:

Ground Floor:
+ Cannons IGA Supermarket - New 10 year lease
+ Cannons IGA Liquor - New 10 year lease
+ Hair Salon - New 10 year lease
+ 50sqm vacant

Whole First Floor:
+ Club Lime - The largest locally owned gym operator in the Canberra region

Building B has an estimated Net rent of $413,454 + GST per annum plus a estimated further $35,000 + GST per annum when the last remaining 70sqm is leased.

The total estimated net rent for the building is $453,867 + GST per annum (escalated annually in line with the respective leases)

Building B in the North Village Centre of Googong is for sale with an asking price of $7.5m showing an estimated net return of 6.05% per annum when fully leased.

Call Alex Smith now on 0409 007 649 or Chris Antos on 0422 837 647 to arrange an inspection.

Asking $7.5m

Retail/Shops

Office & Agent

Laing+Simmons Commercial (Canberra)
02 6209 5050
Alex Smith
0262095050
0409 007 649
Chris Antos
02 6209 5056
0422 837 647
Property ID
0000373587
Building Size (approx)
1612 sqm

Documents + Links

Information Memorandum

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