 Asset Class: | Retail |
 Price: | $ 2210000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<b>30 Colbee Court, Phillip, ACT</b> presents a rare freehold investment in a tightly held commercial precinct, with vacancy rates as low as 2–3% for this style of asset. Spanning a 702sqm landholding with a total building area of 650sqm, the property is fully leased to three stable tenants across flexible tenancies of 160sqm, 160sqm, and 330sqm. Offering exceptional frontage to Colbee Court, the two-level service/trades building provides street-level access to both Colbee Court and Greenville Court, along with 12 onsite car parks and additional on-street parking. With an array of allowable uses — including retail, medical, dental, training, and light manufacturing — the property is currently underrented by 10–15%, presenting an uplift of approximately $21,875 per annum in rent and a 6% cap rate, translating to an equity uplift of $360,000. Rarely do multi-tenant investments at this price point become available in Phillip, making this a strategic addition to any portfolio.
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30 Colbee Court, Phillip, 2606 ACT, offers a rare and valuable opportunity to invest in a diversified retail property located in one of Canberra’s most established and tightly held commercial precincts. Phillip serves as the central business hub of the Woden Valley, strategically positioned to capture a wide range of retail and service-based businesses, offering both convenience and visibility to tenants and customers alike. The property benefits from its location in a high-traffic area, making it ideal for businesses seeking exposure in an established commercial zone with a steady stream of clientele. <br><br><br>As Canberra’s economy grows and its population expands, especially with significant investments from both government and private sectors, retail properties in tightly held areas like Phillip are in ever increasing demand. The market for retail properties in Canberra is especially tight, with vacancy rates below 3%, reflecting strong demand coupled with limited supply. Beyond the already robust market fundamentals, Phillip has been the recipient of significant injections of capital in recent years, further enhancing its long-term prospects. Large-scale infrastructure investments and urban renewal projects have been pivotal in transforming Phillip and the surrounding Woden Valley into one of Canberra’s most desirable commercial destinations. The redevelopment of the nearby Westfield Woden shopping complex and upgrades to transport networks, including enhanced public transit systems and better road infrastructure, have improved accessibility, making the area a prime target for businesses. <br><br><br>Additionally, the government's plans to increase investment in public services, health, and education in the district are expected to create more jobs, further supporting local businesses and attracting new residents. The combination of ongoing investment and growing demand from both businesses and consumers ensures that Phillip will continue to thrive.
Additional Location Information File<b>CBD College </b><br><br>CBD College First Aid is owned and operated by CBD College Pty Ltd. We have been dedicated to training since 2001. We are a Registered Training Organisation (RTO 91399). We deliver Nationally Recognised Training in HLTAID001 Provide cardiopulmonary resuscitation, HLTAID002 Provide basic emergency life support, HLTAID003 Provide first aid and HLTAID004 Provide an emergency first aid response in an education and care setting. <br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.cbdcollegefirstaid.com.au/"><u>https://www.cbdcollegefirstaid.com.au/</u></a> <br><br><br><b>Ranier - School Clothes Sales</b> <br><br>Ranier was established in 1972 as a fashion house supplying designs to Sydney’s major department stores and fashion retailers. Today Ranier operates as a schoolwear specialist supplying schools Australia wide. The company offers bespoke design services, from new uniforms to revitalising and refreshing existing uniforms. Our garments are developed and produced to the highest standards, reinforcing our commitment to quality assurance. With an industry-leading team of design and pattern making professionals, Ranier has set the standard in uniform development and production for over 50 years. Ranier also supports ethically produced garments, and delivers a suite of wholesale, retail and online solutions. Ranier delivers school wear for every milestone. When excellence matters, schools choose Ranier. <br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.ranier.com.au/"><u>https://www.ranier.com.au/</u></a> <br><br><br><b>Rojo Custom Signage </b><br><br>Founded by Rohan Thomas, ROJO SIGNAGE has been providing professional signage solutions across the country since 2009. Retail Signage – Our team knows that branding is important. We have in-house designers and sign writers to help you through the process. We will advise you on the use of appropriate durable materials that will help your business to stand out from the crowed. Vehicle Signage - Vehicle signage is an easy way to promote your business. Our team can custom design and install basic logos on each side of your vehicle, install perforated self-adhesive films on your rear window, or, design and install a full custom printed wrap. Interior Signage - Whether you’re in an office space or showroom, our team can transform your boring blank walls or partitions into a vibrantly branded workplace. We also offer basic window frosting for privacy and fully customised printed wallpaper and 3D signage. <br><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.rojosignage.com.au/"><u>https://www.rojosignage.com.au/</u></a>
Initial Term:
Security:
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Security Info:
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Property management has been quoted at 3% (Circa $5,200pa)
Additional Financial Information FileInitial Term:
Security:
2mths, 3mths & 3mths
Security Info:
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Subject property tenants: Unit 1: 30 Colbee Court Phillip - 160sqm - $320/sqm Unit 2: 30 Colbee Court Phillip - 160sqm - $320/sqm Unit 3: 30 Colbee Court Phillip - 330sqm - $214/sqm 1/10-12 Colbee Court, Phillip - 313sqm - $309/sqm 2/10-12 Colbee Court, Phillip - 320sqm - $227/sqm G1/14-16 Colbee Court, Phillip - 304sqm - $291/sqm L1-1/14-16 Colbee Court, Phillip - 332sqm - $247/sqm 1/61-63 Colbee Court, Phillip - 195sqm - $339/sqm 2/61-63 Colbee Court, Phillip - 185sqm - $292/sqm 3/61-63 Colbee Court, Phillip - 134sqm - $348/sqm 4/61-63 Colbee Court, Phillip - 130sqm - $259/sqm 1/17-23 Townshend Street, Phillip - 90sqm - $358/sqm 2/17-23 Townshend Street, Phillip - 307sqm - $369/sqm 3/17-23 Townshend Street, Phillip - 278sqm - $370/sqm 5/17-23 Townshend Street, Phillip - 104sqm - $308/sqm 6/17-23 Townshend Street, Phillip - 134sqm - $276/sqm 7/17-23 Townshend Street, Phillip - 228sqm - $219/sqm 1/67 Townshend Street, Phillip - 93sqm - $309/sqm 4/67 Townshend Street, Phillip - 62sqm - $404/sqm
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Negotiated Price: $2,210,000<br>Net Yield: 6%<br>Value add: $360,000 (under rented)<br><br>Land size 702sqm <br><br>Total building area of 650sqm <br><br>Tenancies split: 160sqm, 160sqm & 330sqm <br><br>VERY tightly held location (<b>2% - 3% vacancy in Phillip</b> for these style of assets)<br><br>Rare <b>freehold</b> for the price point<br><br>Again, very rare <b>multi-tenant</b> at this price point<br><br>The property is<b> under rented by 10% - 15%</b>, giving uplift of circa $21,875pa in rent and therefore a 6% cap rate, an equity uplift of <b>$360,000</b><br><br>The building has a large range of allowable uses, including, retail, services, medical, dental, vet, training, or hire of goods, manufacturing. <br><br>Two level service / trades building with rear parking <br><br>Excellent frontage to Colbee Court <br><br>The front of the building has street level access to Colbee Court and the ground floor tenancies, with glass shopfronts and large sliding entrance doors. <br><br>The ground floor is split into two tenancies, each of approximately 160m2. The lower level of the building opens directly into the rear car parking and is at street level to Greenville Court. <br><br>There are 12 allocated, on site car parks behind the building with on street parking directly outside the front door of the building <br><br>Each level of the building has toilet and kitchen amenities for tenants. <br><br>100% leased to 3 stable tenants (founded in 2001, 1972 and 2009) All established tenants that have operated for over 15 years.
