Kooie Commercial

Googong Convenience Centre,

Shops & Retail Offices

Price information Sale

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Key insights

Description

Brand New NSW Convenience Retail Centre in the Heart of a Master-Planned Community
High Profile National Tenants including
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.