A golden tourism opportunity: Gold Creek Square hits the market

After a couple of years of interruptions, it would be reasonable to say Australians are travelling again, and visitors are again being drawn to popular attractions.

 That would surely raise the interest of an investor in Gold Creek Square within the Gold Creek Village tourism precinct, which presents an unrivalled opportunity to further reshape the Canberra visitor experience.

This unique parcel of land of more than 8000 square metres houses nine small business tenancies, including a heritage-listed church and a three-bedroom house. These deliver a gross annual rent of more than $235,000, including GST. 

Tenants are on short-term leases, and previous DA and BA documents for a five-star hotel and retail development are available.

Greg Lyons of LJ Hooker Commercial Canberra says the opportunity could appeal to a wide range of potential buyers.

“A buyer could decide to continue the tenancies and enjoy the income. There’s also an opportunity to complement those with new options or look at a complete redevelopment – subject to usual approvals,” he says

“The opportunity will likely have broad appeal – perhaps a hotel brand looking for expansion or to developers, high-net-worth individuals and even owner-occupiers.”

The site is zoned CZ 6 Leisure and Accommodation, which permits – subject to government approval – a broad range of uses from commercial accommodation to a tourism facility and plenty more.

Nicholls

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Price guide: $4 million-$6 million

Expressions of interest: Close 4pm, September 5

Agent: LJ Hooker Commercial Canberra, Greg Lyons 0439 338 883