76 Cowlishaw Street Tuggeranong is home to 'Zone Bowling' — a popular venue for all ages, and a staple of Tuggeranong's CBD for over 25 years.
With annual net income of $447,000 and minimal outgoings payable by the owner, this is a low-maintenance investment that shows consistent returns. Situated in a prime central location in Tuggeranong, the property benefits from high foot traffic and easy access, making it a key attraction in the area.
Key Features:
• Annual net income - c. $447,000 p.a. (as at 1 Jan 2025)
• Annual Outgoings - c. $58,500 p.a. (c. $45,500 recoverable)
• Long-term, blue-chip, institution-grade tenant (TEEG Australia)
• Current lease exp. June 2026, with 3 x five-year options available
• Popular venue within Tuggeranong's CBD
• Longer term development potential (subject to DA approval), in CZ2 Business Zone
• Huge land parcel of 5,505m2
• 64 On site car parks
• Building Size, approx 2,690m2
• Air Conditioning fully replaced in 2023 at cost of $466k.
76 Cowlishaw Street Tuggeranong is offered for sale by Expressions of Interest (EOI) closing 3pm October 22nd 2024. The unique nature of this property, with stable income of the long-term, blue-chip tenant and outstanding location. will be popular for potential investors.
For more information or to arrange an inspection please contact the exclusive agent Andrew Smith on 0409 600 471 or andrew.smith@civium.com.au
Tenanted Investment
ACT Planning & Land Authority
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