Nextra Southpoint ACT for Sale $120,000 + SAV

Description

Business type: newsagency and lottery retail

Location: South.Point Shopping Centre, Tuggeranong, Canberra

Shopping centre type: two-level regional centre

Business overview

Nextra Southpoint operates from a prominent position within South.Point Shopping Centre, formerly known as Tuggeranong Hyperdome. The centre serves Southern Canberra and includes a broad mix of major retailers, specialty stores, cafes and takeaway food operators.

The newsagency benefits from its position within a busy retail environment and is surrounded by businesses that generate regular customer traffic throughout the centre.

Location

Shopping centre: South.Point Canberra

Previous centre name: Tuggeranong Hyperdome

Position: high-traffic area

Nearby retailers: Woolworths, pharmacy, sushi outlet, fruit market and Coffee Club

Shopping centre

• Woolworths
• Coles
• Kmart
• Target
• Lincraft
• The Reject Shop
• JB HI-FI Home
• Rebel Sport
• Best & Less
• Cotton On Mega
• Multiple cafes and takeaway food outlets

Lottery

The Lott net commissions: approximately $206,166 per annum

Retail performance

Core retail categories: established

Cards: strong performance

Gifts: strong performance

Customer traffic: supported by surrounding retailers and shopping centre activity

Market position

The business benefits from an established shopping centre location, consistent pedestrian traffic and a retail mix that supports repeat visits from local shoppers and visitors to the centre.