Burgess Rawson is pleased to offer to the market, 'Iron Knob Square', a premium Large Format Retail Centre, located at 17 Iron Knob Street, Fyshwick (Canberra) ACT for sale via Expressions of Interest.
The property has the following key investment highlights:
+ Prime large format retail centre with a longstanding occupancy history leased to a strong national tenant profile
+ Leases up to 10 years to National and ASX listed tenants
+ Chemist Warehouse (Sigma Healthcare): recently merged with ASX listed Sigma Healthcare (ASX: SIG) a leading retail pharmacy powerhouse and full-line pharmaceutical distributor, showing a market cap of $34.5 billion with a network of 1,200+ pharmacies
+ Auto One: One of Australia's leading automotive retailers with 78+ locations nationally and a 35+ year track record
+ Landmark 10,163sqm* landholding improved by a fully leased 5,068sqm* Large Format Retail Centre anchored by Chemist Warehouse, Auto One & Ten Tops
+ Desirable fixed 2.5% - 4% compounding annual rental increases guaranteeing income growth
+ Valuable & secure on-grade & underground parking for 150+ vehicles
+ Strategically located opposite Canberra Outlet with 120 specialty stores and in close proximity to major national retailers, Bunnings, Officeworks, Amart, The Good Guys, Harvey Norman, Bing Lee, Tool Kit Depot, BCF, Domayne and more
+ Fyshwick: strategically located retail and commercial hub, 5km* from the CBD and 3.5km* from Canberra International Airport
+ Net Income: $948,673 pa* + GST
To be sold via Expression of Interest closing
3pm AEST Wednesday 21 May 2025
