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.
Savills - Sydney CBD
Level 25, 1 Farrer Place, Sydney, NSW
Savills - Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne, Vic
Immobilie ID: 504645256