Blocks 1, 2 & 3 Section 48, Macquarie, ACT 2614

Raine & Horne Commercial Canberra are pleased to offer 39 Bowman Street, 6-8 Lawry Place & 2-4 Lawry Place (Blocks 1, 2 & 3, Section 48 Macquarie) for sale as a single lot 'in-one-line'.

This outstanding opportunity provides a passive investor, syndicate, land banker or developer to secure three (3) adjoining, separately-titled and fully-leased properties in a popular Group Centre location, on the doorstep of Jamison Plaza Shopping Centre in the sought-after Inner Belconnen suburb or Macquarie, ACT.

Located a short stroll from Canberra High School, Belconnen Tennis Club, Big Splash Water Park, Canberra Southern Cross Club Jamison, Anytime Fitness and Aranda District Playing Fields, these three properties are extremely well positioned. The popular Jamison Plaza Shopping Centre, located approx. 100m from the site, is anchored by Coles and Aldi, and home to a number of specialty shops, financial institutions and professional offices such as Australia Post, Zambrero, Coffee Guru, Commonwealth Bank, Westpac, Bendigo Bank, Tabcorp, Donut King, Ricardo's Cafe, Bentleys Hair of Canberra, Hot Lantern Chinese, Macdonalds Children's and School Wear, La Shabbie and Jamison Flowers.

The subject properties provide a combined net lettable area (NLA) of approx. 901sqm and a total land area of approx. 1,718sqm with significant frontage to Bowman Street and Lawry Place whilst providing a total passing NET income of approx. $300,000pa with rents increasing annually in line with CPI and all tenants paying increases in rates.

The properties boast prominent frontages to Bowman Street, Wiseman Street and Lawry Place and benefit from fantastic exposure to the public carparks of Jamison Shopping Plaza and Lawry Place.

The buildings are configured into 8 separate tenancies, some with rear access to shared courtyards and toilets, some with their own amenities within the tenancies and exclusive off-street parking. The structures comprise brick walls, concrete flooring, metal roofs and aluminium framed windows with swing doors for pedestrian access.

The properties are currently fully leased to 8 long-standing tenants comprising Canberra Nails & Spa, Pizza Artigiana, Jamison Centre Newsagency, Jamison Travel, NY Favola Hair & Beauty, Belconnen Turkish Pide House, Literacy For Life and Clinic 88 Pilates.

Raine & Horne Commercial Canberra have engaged with Purdon Planning who have provided a Preliminary Planning Review of the sites, which can be made available upon request. The document includes consideration of land use controls, development opportunities and constraints, explorative yield studies, and contains a review of proposed and current nearby developments. Due to the site's location within the Jamison shopping precinct and in proximity to the Belconnen Town Centre, the document has been tailored towards the development potential for a mixed-use development comprising ground-floor commercial and multi-unit housing.

Blocks 1, 2 & 3, Section 48 Macquarie will be offered for sale 'in-one-line' by public auction on Wednesday 10th April 2024. For further information or to arrange an inspection, please contact the exclusive selling agent, Mark Nicholls of Raine & Horne Commercial Canberra.