23-25 Malbon Street, Bungendore NSW

For Sale


Contact CBRE Agent

Situated prominently on a corner site in Bungendore on Kings Hwy and just 30 minutes from Canberra CBD, sits this large 4,166sqm* site comprising of 3 separate lots to be sold in one line.

Zoned B2 Local Centre and R1 General Residential, this site offers the astute investor a fully-leased gross income of $228,000pa* with potential for future expansion/development given the surplus land.

Lot 1 DP 1074821: The Village Square provides for a range of specialty shops, a Cafe and Diner with ample dedicated parking at the rear as well as on street parking.

Tenant Details:
Shop 1&2 - Vacant
Shop 3 - B'Town Kids (expiry 1/12/18; in holdover)
Shop 4 - Jemayca Red Boutique (expiry 30/09/19; 1 x 1yr opt)
Shop 5&6 - Bliss Fur Dogs (expiry 30/09/20; 1 x 1yr opt)
Shop 7&8 - Big Green Cup (expiry 31/01/23; 1 x 2yr opt)
Shop 9&10 - Station Shops (expiry 30/04/20; 1 x 1yr opt)
Shop 11&12 - RnR's (expiry 04/05/20; 1 x 1yr opt)

Lot 3 DP 595885:

Tenant Details:
Whole tenancy - R.A.R.E (Retro and Record Emporium) (expiry 31/05/19; 1 x 3yr opt)

Lot 4 DP 595885:

Tenant Details:
Residential lease - expiry 31/01/20; 1 x 1yr opt)

This site must be sold with the Expression of Interest campaign closing 18th April 2019 at 4:00pm (AEST).