Prime Commercial Investment in the Heart of Phillip
Location
7/48 Botany Street
Phillip ACT 2606
Details
EER: 0.0
Retail/Shops
Expressions of interest
Land area: | 1.1 hectares (approx) |
Building size: | 845 sqm (approx) |
An exceptional opportunity to secure a high-performing commercial investment in one of Phillip's most prominent and accessible locations.
Positioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
Water: $1,368 p.a.
Total Expenses: $138,032 p.a.
Lease Terms: 5 + 5 years with 3% annual increases
Tenant: Salvation Army – long-standing and stable
Zoning: RZ3 – Urban Residential Zone
Property Features:
Excellent Condition: Well-maintained, modern structure
Open Plan Retail/Warehouse Layout: Flexible and functional space
Dual Street Frontage: Highly visible from two major thoroughfares, enhancing exposure and foot traffic. This strategic frontage maximises customer accessibility and brand visibility-ideal for retail, showroom, or service-based operations.
Extensive On-Site Parking: A rare and valuable asset in the town centre
Proximity to Phillip Town Centre Attractions: Surrounded by retail, dining, and service hubs
Staff Amenities: happy staff happy business.
This is a rare chance to acquire a secure, income-generating asset in a tightly held precinct with strong tenant history and future development potential.
Read MorePositioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
Water: $1,368 p.a.
Total Expenses: $138,032 p.a.
Lease Terms: 5 + 5 years with 3% annual increases
Tenant: Salvation Army – long-standing and stable
Zoning: RZ3 – Urban Residential Zone
Property Features:
Excellent Condition: Well-maintained, modern structure
Open Plan Retail/Warehouse Layout: Flexible and functional space
Dual Street Frontage: Highly visible from two major thoroughfares, enhancing exposure and foot traffic. This strategic frontage maximises customer accessibility and brand visibility-ideal for retail, showroom, or service-based operations.
Extensive On-Site Parking: A rare and valuable asset in the town centre
Proximity to Phillip Town Centre Attractions: Surrounded by retail, dining, and service hubs
Staff Amenities: happy staff happy business.
This is a rare chance to acquire a secure, income-generating asset in a tightly held precinct with strong tenant history and future development potential.
Inspect
Contact agent
Listing agent
An exceptional opportunity to secure a high-performing commercial investment in one of Phillip's most prominent and accessible locations.
Positioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
Water: $1,368 p.a.
Total Expenses: $138,032 p.a.
Lease Terms: 5 + 5 years with 3% annual increases
Tenant: Salvation Army – long-standing and stable
Zoning: RZ3 – Urban Residential Zone
Property Features:
Excellent Condition: Well-maintained, modern structure
Open Plan Retail/Warehouse Layout: Flexible and functional space
Dual Street Frontage: Highly visible from two major thoroughfares, enhancing exposure and foot traffic. This strategic frontage maximises customer accessibility and brand visibility-ideal for retail, showroom, or service-based operations.
Extensive On-Site Parking: A rare and valuable asset in the town centre
Proximity to Phillip Town Centre Attractions: Surrounded by retail, dining, and service hubs
Staff Amenities: happy staff happy business.
This is a rare chance to acquire a secure, income-generating asset in a tightly held precinct with strong tenant history and future development potential.
Read MorePositioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
Water: $1,368 p.a.
Total Expenses: $138,032 p.a.
Lease Terms: 5 + 5 years with 3% annual increases
Tenant: Salvation Army – long-standing and stable
Zoning: RZ3 – Urban Residential Zone
Property Features:
Excellent Condition: Well-maintained, modern structure
Open Plan Retail/Warehouse Layout: Flexible and functional space
Dual Street Frontage: Highly visible from two major thoroughfares, enhancing exposure and foot traffic. This strategic frontage maximises customer accessibility and brand visibility-ideal for retail, showroom, or service-based operations.
Extensive On-Site Parking: A rare and valuable asset in the town centre
Proximity to Phillip Town Centre Attractions: Surrounded by retail, dining, and service hubs
Staff Amenities: happy staff happy business.
This is a rare chance to acquire a secure, income-generating asset in a tightly held precinct with strong tenant history and future development potential.
Looking to sell or lease your own property?
Request Market AppraisalLocation
7/48 Botany Street
Phillip ACT 2606
Details
EER: 0.0
Retail/Shops
Expressions of interest
Land area: | 1.1 hectares (approx) |
Building size: | 845 sqm (approx) |
An exceptional opportunity to secure a high-performing commercial investment in one of Phillip's most prominent and accessible locations.
Positioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
Water: $1,368 p.a.
Total Expenses: $138,032 p.a.
Lease Terms: 5 + 5 years with 3% annual increases
Tenant: Salvation Army – long-standing and stable
Zoning: RZ3 – Urban Residential Zone
Property Features:
Excellent Condition: Well-maintained, modern structure
Open Plan Retail/Warehouse Layout: Flexible and functional space
Dual Street Frontage: Highly visible from two major thoroughfares, enhancing exposure and foot traffic. This strategic frontage maximises customer accessibility and brand visibility-ideal for retail, showroom, or service-based operations.
Extensive On-Site Parking: A rare and valuable asset in the town centre
Proximity to Phillip Town Centre Attractions: Surrounded by retail, dining, and service hubs
Staff Amenities: happy staff happy business.
This is a rare chance to acquire a secure, income-generating asset in a tightly held precinct with strong tenant history and future development potential.
Read MorePositioned within the sought-after RZ3 Urban Residential Zone, this property benefits from zoning objectives that encourage medium-density development, urban intensification, and mixed-use environments. The RZ3 zone promotes redevelopment, sustainable housing choices, and integration with public transport and local amenities-making it ideal for long-term investment and growth 1.
This expansive 845 sqm property is currently leased to a reputable long-term tenant, The Salvation Army, on a 5-year lease ending September 2029, with a further 5-year option to relet. The lease includes a fixed 3% annual rent review, applicable during both the initial term and the relet option, ensuring consistent income growth.
Key Investment Highlights:
Net Lettable Area: 845 sqm
Net Passing Income: $227,896 p.a.
(equivalent to $269.70 per sqm)
Outgoings:
Rates: $106,572 p.a.
Body Corporate: $30,092 p.a.
Water: $1,368 p.a.
Total Expenses: $138,032 p.a.
Lease Terms: 5 + 5 years with 3% annual increases
Tenant: Salvation Army – long-standing and stable
Zoning: RZ3 – Urban Residential Zone
Property Features:
Excellent Condition: Well-maintained, modern structure
Open Plan Retail/Warehouse Layout: Flexible and functional space
Dual Street Frontage: Highly visible from two major thoroughfares, enhancing exposure and foot traffic. This strategic frontage maximises customer accessibility and brand visibility-ideal for retail, showroom, or service-based operations.
Extensive On-Site Parking: A rare and valuable asset in the town centre
Proximity to Phillip Town Centre Attractions: Surrounded by retail, dining, and service hubs
Staff Amenities: happy staff happy business.
This is a rare chance to acquire a secure, income-generating asset in a tightly held precinct with strong tenant history and future development potential.
Inspect
Contact agent