Located within the boutique Manuka retail/restaurant precinct and boasting excellent exposure to The Lawns is this 199sqm property. Comprising 3 strata lots of 38 sqm, 73 sqm and 88 sqm, this property is situated on the Palmerston Lane entry point to Manuka Arcade and features an extensive glass shop-front, air conditioning and common amenities. The property could relatively easily be divided into two areas of 88 sqm and 111sqm, but it is currently configured as on area of 199 sqm. The property has a broad purpose clause allowing for a myriad of uses providing the perfect opportunity for any owner occupier and or investor looking to acquire premises in the tightly held Manuka retail market.
Manuka is Canberra's boutique inner southern suburb, being located adjoining the Parliamentary Triangle and 5 minutes' drive to the CBD and 10 minutes to the airport. Enjoying the leafy surrounds of this affluent suburb and its cafes and restaurants, this location is ideal for a business that services the residents of the inner south and/or the nearby government departments.
Nearby businesses include Coles Supermarket, Vintage Cellars, Westpac, Commonwealth Bank, St George, ANZ, NAB, Manuka Pharmacy, Subway, Witchery, McDonald's, Fitness Grand, Grill'd, Urban Pantry, Escala Shoes, Carla Zampatti, Public Bar & many other quality national and local operators.
Note: In addition to the outgoings quoted, there is a special levy of $35,843.52 pa for roof replacement
Expressions of Interest Closing Thursday 17th March 2022.
The size of Griffith is approximately 2.8 square kilometres. It has 19 parks covering nearly 18.3% of total area. The population of Griffith in 2011 was 3,899 people. By 2016 the population was 4,571 showing a population growth of 17.2% in the area during that time. The predominant age group in Griffith is 20-29 years. Households in Griffith are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Griffith work in a professional occupation. In 2011, 52.2% of the homes in Griffith were owner-occupied compared with 53% in 2016.
Griffith has 3,431 properties. Over the last 5 years, Houses in Griffith have seen a 46.27% increase in median value, while Units have seen a 25.13% increase. As at 31 October 2024:
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