Vue Promenade is an exciting new mixed use development which adds a new dimension to the Tuggeranong Town Centre. Comprising of over 220 residential/serviced apartments & 12 consecutive ground floor retail units this development is the largest of its kind within Tuggeranong.

This is a fantastic opportunity to purchase a strata titled retail investment property leased to a local men’s hair salon/barber until May 2017 with a further 3 year option period. The net annual income is estimated at $36,748.96pa plus GST with the lease providing annual increases of 3%. The property comprises of a retail shop of approximately 120sqm with 2 single and 1 tandem designated secure car spaces. Other notable features include an extensive glass shop front facing Anketell Street, common amenities, common waste enclosure and great signage opportunities. The unit also boasts the added bonus of having access to an exhaust riser and grease trap which will allow for greater flexibility down the track.

Vue Promenade is well located between the Tuggeranong Hyperdome, the brand new 26,000sqm Department of Human Services building and the Tuggeranong Bus Interchange. Tuggeranong is Canberra’s most southern group centre which is serviced by the Tuggeranong Hyperdome anchored by an abundance of national retailers including Woolworth’s, Coles, Target, Kmart, Best and Less, JB HIFI, Rebel Sport and Limelight Cinemas. Tuggeranong boasts a catchment of circa 85,000 people.

The subject unit is well located on Anketell Street boasting excellent frontage, exposure and enjoy access to the extensive public surface car park directly across the road.