Premium retail investment opportunity close to the University of Canberra up for grabs

There’s one thing better than a local shopping area, and that’s having one with an anchor tenant like an IGA supermarket.

It serves as the daily hub for residents, capturing a constant stream of customers for everything from last-minute dinner solutions to weekly grocery needs.

That continual consumer demand is music to the ears of any investor, and that’s why the sale of the IGA supermarket building in Bruce is likely to be hotly contested.

Located at 1/27 Thynne Street, the 537-square-metre property anchors the newly developed Ives mixed-use precinct, serving high-demand demographics like university students and healthcare and government workers.

This securely leased IGA generates net income of about $346,000 a year, with fixed annual 4 per cent rent increases.

Nic Purdue of CBRE Canberra says the local supermarket sector is one of the strongest asset classes around.

“Typically, we see them site in high-demand locations, and operators usually take long-term positions with multiple options,” he says.

“Lease terms often see them take on all outgoings, which maximises investor returns.”

That’s the case with this property, which has a lease and options until 2043.

“It’s a blue-chip asset in a tightly held location, enhanced by proximity to the University of Canberra, Canberra Stadium and the future Northside Hospital,” Purdue says.

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1/27 Thynne Street, Bruce ACT 2617

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