Commercial opportunity in Greenway will bowl you over

There’s nothing like a 10-pin bowling “strike” when all the skittles satisfyingly clash and clatter to the floor.

And it would be easy to imagine a similar feeling might infuse an investor who recognises an opportunity that’s right up their alley.

Zone Bowling has been a Tuggeranong CBD attraction for all ages for more than 25 years – and it doesn’t look like it’s going anywhere soon.

But it is time for new building ownership, and that’s where an investor might find it all lines up for that perfect strike.

The property sits on a huge block of about 5500 square metres with a building that occupies nearly half that along with 64 on-site customer parking bays.

Then there’s the lease to entertainment venue tenant TEEG, which expires in June 2026 and has three five-year options.

There’s an annual net income of $447,000, and for peace of mind, the centre’s air-conditioning was fully replaced in 2023 at a cost of nearly $500,000.

There’s also longer-term development potential, subject to approvals.

Andrew Smith of Civium Property Group Commercial says stable income through a blue-chip tenant will strongly appeal to potential investors.

“Buyer interest has come from investors seeing the long-term security of tenant, TEEG, one of Australia’s biggest entertainment venue operators with 86 Timezone venues across Australia,” he says.

The property comes with a price guide of $6.5 million-$7 million.

SOLD - Price Withheld

Whole/76 Cowlishaw Street, Greenway ACT 2900

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