2 Ibbott Lane Belconnen, ACT 2617

POA
Bldg350m²

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Property Details

Property Description

New Belconnen Retail Centre

The property is located at the intersection of Belconnen Way, Lathlain Street and Ibbott Lane Belconnen.

The traffic flow through the intersection of Belconnen Way and Lathlain Street exceeds an average of 28,000 cars per day.

This new property will sit adjacent to Belconnen Fresh Food Markets and opposite Bunnings while also having great exposure to Belconnen Way.

The major intersection of Belconnen Way and Lathlain Street &#xD&#xD 2 Ibbott Lane, a prime parcel of land on the southern edge of the precinct at the intersection of Belconnen Way, Lathlain Street and Ibbott Lane is now be developed into a prominently located retail offering.

Belconnen itself is the most populous Town Centre in the ACT, and is underpinned by a strong and financially stable catchment area comprising:

+ MAIN TRADE AREA LARGE FORMAT RETAIL EXPENDITURE $832m p.a
+ MAIN TRADE AREA POPULATION IN 2017 240,043
+ DOMINATED BY YOUNGER AUSTRALIAN FAMILIES WITH HIGHER THAN AVERAGE INCOME*
+ MAIN TRADE AREA SPENDING PER CAPITA 24% HIGHER THAN THE AUSTRALIAN AVERAGE BENCHMARK $3,466 p.a
+ DISTANCE WORKERS PREPARED TO WALK 1km or 5-10 mins

2 Ibbott Lane is slated for completion at the end of 2020, and offers the following:

+ 28,000 cars per day AVERAGE TRAFFIC ON BELCONNEN WAY
+ 3,883m2 TOTAL GROSS LETTABLE AREA (GLA)
+ LARGELY PRE-COMMITTED BY A NATIONAL TENANT PROFILE
+ 350m2 up to 1,824m2 remaining for lease
+ 118+ PARKING SPACES ON SITE
+ ADJACENT BELCONNEN FRESH FOOD MARKETS AND BUNNINGS

All tenancies are offered with street frontage and branding exposure from Lathlain Street and/or Ibbott Lane. The property also has huge exposure to Belconnen Way, the major arterial route connecting Belconnen to Civic.
With dominant, national retailers Chemist Warehouse, Petbarn and Toy World already pre-committed, along with boutique local gym Elements4Life, 2 Ibbott Lane will be a dominant retail strip.

For additional information, or to arrange a site inspection, please contact exclusive leasing agents Sentinel Real Estate or Belle Property Retail Canberra.

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