Investment Opportunity - Farrer Shops
Ground Lot 2 Unit 1-4 2 Farrer Place, Farrer, ACT 2607
The Farrer Shopping Center offers a good mix of tenants including an IGA Supermarket, pet grooming, hairdresser, accountant, two restaurants, and the popular Fox and Bow cafe.
Located close to Yamba Drive and the suburbs of Isaacs, Mawson and Torrens, this is a busy local shopping precinct in an established suburb.
Investment Sale- Farrer Shopping Centre
Situated in the heart of Farrer, this complex has a strong mix of businesses that attract people to the Centre,
The Investment Sale includes two operational restaurant tenancies.
*Unit 1- is leased out until10 March 2021 with a 4-year option to follow to an Asian restaurant
*Unit 2,3 & 4- is leased out until the 1st September 2022 with a further 5 year option to a Nepalese restaurant.
Both tenancies offer their own kitchenette, cool room, heating/cooling system, dining space and access to both female and male toilets
The units look out to the often busy front car park as well as plenty of parking surrounding the centre.
Other features include:
* Annual gross rent approx. $110,522 + GST P.A
* Annual CPI rent increases
* Annual outgoings approx. $14,402 P.A
* Unit size -Unit 1- approx 86m2 Unit 2-4 approx. 158m2
* Air conditioning throughout
* Front and Rear entrances/exits
* Internal bathrooms for patrons
The remainder of the complex is tenanted by a number of retail and personal service clients.
For more information, or to arrange an inspection contact David Grimmond