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Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

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Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

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Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

Googong

SOLD
Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

Properties / Sold / New South Wales / Googong
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Selling Method
EOI
Selling Details
Closing on Wednesday, 11 September 2024, 2:00pm (AEST)
Land Area
11,806 m² (*approx)
Property Type
Retail, Health/Medical
Sub-type
Shopping Centre, Service Station, Cafe/Restaurant, Mixed Use, Child Care
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Brand New NSW Convenience Retail Centre in the Heart of a Master-Planned Community
  • High Profile National Tenants including McDonalds, KFC and 7-Eleven
  • Annual Fixed Rental Reviews from 3-3.5%
  • Potential Depreciation Benefits

Colliers, on behalf of Stevens Group, are excited to offer for sale Googong Convenience Centre, which upon completion, will be strategically located in the heart of Googong Town Centre, located 16* kilometres southeast of Parliament House and 8* kilometres south of Queanbeyan.

Googong Convenience Centre will occupy a prominent 1.180-hectare retail site within the $1.8 billion Mirvac and PEET master-planned Googong community³. The Town Centre will also include a DA approved Coles anchored Neighbourhood Centre, local Pub, future residential developments and proposed Googong High School.

Consisting of a McDonalds, KFC, 7-Eleven, Aspire Early Learning, and The Reject Shop, Googong Convenience Centre will provide essential retail amenity to a currently under-serviced catchment. Whist the catchment relies heavily on motor vehicles, with the average number of vehicles per dwelling being 2.1, there are currently no service centres within 5km and limited takeaway and fast-food options.

Googong is an affluent suburb with an average weekly household income of $3,363, 59% above the New South Wales average, whilst 84.7% of residents are in the labour force, 71.3% working full-time² and there is strong pent-up demand for high quality convenience retail offerings that will be met by Googong Convenience Centre.

• Annual average population growth of 5.3% until 2036¹

• Googong’s average weekly household income is 59% higher than the New South Wales average²

• Under-serviced catchment with significant retail demand

Expressions of Interest closing 2:00pm (AEST) on Wednesday, 11 September 2024

¹ Deep End Services Report July 2023

² ABS

³ Mirvac

*approx.

Remember to mention you found this property on CommercialReady

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Investment Summary

Property Type
Retail, Health/Medical
Sub-type
Shopping Centre, Service Station, Cafe/Restaurant, Mixed Use, Child Care
Land Area
11,806 m² (*approx)
Selling Method
EOI
EOI Closing Date
11 Sep 2024 02:00PM
Selling Details
Closing on Wednesday, 11 September 2024, 2:00pm (AEST)

Investment Highlights

Brand New NSW Convenience Retail Centre in the Heart of a Master-Planned Community
  • High Profile National Tenants including McDonalds, KFC and 7-Eleven
  • Annual Fixed Rental Reviews from 3-3.5%
  • Potential Depreciation Benefits

Colliers, on behalf of Stevens Group, are excited to offer for sale Googong Convenience Centre, which upon completion, will be strategically located in the heart of Googong Town Centre, located 16* kilometres southeast of Parliament House and 8* kilometres south of Queanbeyan.

Googong Convenience Centre will occupy a prominent 1.180-hectare retail site within the $1.8 billion Mirvac and PEET master-planned Googong community³. The Town Centre will also include a DA approved Coles anchored Neighbourhood Centre, local Pub, future residential developments and proposed Googong High School.

Consisting of a McDonalds, KFC, 7-Eleven, Aspire Early Learning, and The Reject Shop, Googong Convenience Centre will provide essential retail amenity to a currently under-serviced catchment. Whist the catchment relies heavily on motor vehicles, with the average number of vehicles per dwelling being 2.1, there are currently no service centres within 5km and limited takeaway and fast-food options.

Googong is an affluent suburb with an average weekly household income of $3,363, 59% above the New South Wales average, whilst 84.7% of residents are in the labour force, 71.3% working full-time² and there is strong pent-up demand for high quality convenience retail offerings that will be met by Googong Convenience Centre.

• Annual average population growth of 5.3% until 2036¹

• Googong’s average weekly household income is 59% higher than the New South Wales average²

• Under-serviced catchment with significant retail demand

Expressions of Interest closing 2:00pm (AEST) on Wednesday, 11 September 2024

¹ Deep End Services Report July 2023

² ABS

³ Mirvac

*approx.

Remember to mention you found this property on CommercialReady

Read More
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Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

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Property Location of Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620

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Googong Convenience Centre Wellsvale Drive, Googong, NSW, 2620 Googong
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