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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

Information Memorandum

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