Retail

Flax House, 216-228 Cowlishaw Street, Greenway

216-228 Cowlishaw Street Greenway, ACT Australia 2900

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement

I accept the confidentiality agreement I accept the confidentiality agreement

Attributes

Year Built	1987
Building Area
Land Area

Property Description

Flax House is a prominent, free-standing commercial property providing 1,897sqm of NLA across two levels in the heart of the growing Tuggeranong Town Centre supporting over 88,000 residents. The majority of the building is occupied by a childcare centre with this income well supported by medical, office and café tenants.

The property is prominently situated on Cowlishaw Street, within the Tuggeranong Town Square which is within walking distance to a large federal government workforce Services Australia, the Southpoint Shopping Centre, Anketell Street, public transport and the Lake Tuggeranong foreshore. The importance of the location is evident in the ACT Government’s recent investment of $7 million to upgrade the landscaping and streetscape on Flax House’s doorstep.

The property is presented with a WALE of 10.02 years by income, and recent capital expenditure creates an attractive investment proposition for investors seeking true diversification in their portfolio.

Investment Highlights

Freestanding childcare & medical anchored investment of 1,897sqm NLA
Site Area: 1,717sqm in the heart of Tuggeranong Town Centre
Over 97% leased with a 10.02 year WALE (by income)
Major refurbishment completed in 2019, creating easy to manage investment
90% of income has fixed annual increases of 3% or higher ensuring growth
Net passing income: $694,805 pa + GST

For sale by expression of interest, closing 4pm AEDT Tuesday 10 November 2020.

Last Updated Date: 13 Oct 2020

Tim Mutton

Head of Sales & Investments – ACT

+6620260615

Mitch Frail

Executive - Sales and Investments

+6620260615

There was an error submitting your request. Please try again, or submit you inquiry here.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 13 Oct 2020