Canberra Collie and Townshend Street buildings sold by Colliers

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May 31, 2021

Canberra Collie and Townshend Street buildings sold by Colliers

“28 and 30 Collie Street Fyshwick and 72-74 Townshend Street Phillip sold following on-market campaigns,” Colliers Director Capital Markets and Investment Services, Matthew Winter said.

Colliers

“28 and 30 Collie Street Fyshwick and 72-74 Townshend Street Phillip sold following on-market campaigns,” Colliers Director Capital Markets and Investment Services, Matthew Winter said.
Colliers

“28 and 30 Collie Street Fyshwick and 72-74 Townshend Street Phillip sold following on-market campaigns,” Colliers Director Capital Markets and Investment Services, Matthew Winter said.

Canberra, "28 and 30 Collie Street Fyshwick and 72-74 Townshend Street Phillip sold following on-market campaigns,” Colliers Director Capital Markets and Investment Services, Matthew Winter said.

Canberra’s prime commercial districts prove to be a drawcard

Two properties, each located in one of Canberra’s prime commercial precincts, have changed hands this month following sales campaigns managed by Colliers.

“Interest in Canberra’s town centre locations has been strong this year. I believe it is because they offer great value for money, while benefiting from the strong fundamentals that are underpinning the entire Canberra market in 2021.

“A local investor secured the 1,032sqm Townshend Street property for just under $4 million. We always felt this was an attractive investment opportunity, with 72-74 Townshend being fully occupied and having a Net Passing Income of around $222,000 excluding GST.

“In terms of 28 and 30 Collie Street, we expected a mix of bidders would be enticed by this opportunity, including local businesses with the foresight to appreciate the value of locating on this prominent high traffic corner.

“A Canberra business owner was the successful purchaser of 28 and 30 Collie Street and is now exploring options for utilising this outstanding site.”

Combined, 28 and 30 Collie Street offer 3,000sqm Net Lettable Area as well as on-grade car parking, storage, a cafe, and signage opportunities.

To request a sales analysis please email the Colliers selling agent Matthew Winter via the below contact forms.