{"id":96646,"date":"2025-08-26T07:54:09","date_gmt":"2025-08-26T07:54:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/96646\/"},"modified":"2025-08-26T07:54:09","modified_gmt":"2025-08-26T07:54:09","slug":"a-once-in-a-lifetime-opportunity-iconic-manuka-site-hits-the-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/96646\/","title":{"rendered":"A once-in-a-lifetime opportunity: Iconic Manuka site hits the market"},"content":{"rendered":"

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The Manuka property is home to a Canberra dining institution, Urban Pantry. Photo: Ray White Commercial.<\/p>\n

An iconic Manuka landmark that has not changed hands in decades is on the market.<\/p>\n

Ray White Commercial is calling the sale of 19 Bougainville Street, home to the long-standing and popular Urban Pantry cafe and four other tenants, a once-in-a-lifetime opportunity to acquire a premium retail trophy asset.<\/p>\n

The 342 square metre, single-titled property stands in the heart of the prestigious Manuka Shopping Precinct, with frontages to Bougainville Street, Palmerston Lane and the popular thoroughfare between, known as \u2018The Lawns\u2019.<\/p>\n

Agent Daniel McGrath said Manuka was a very tightly held area, and the same family had owned this particular site since the middle of the last century.<\/p>\n

Mr McGrath said the family was selling now to diversify its property interests.<\/p>\n

The property was expected to bring more than $5 million and would attract interest from outside the ACT.<\/p>\n

With a net income of $338,665 a year, 19 Bougainville Street is considered a low-risk investment due to its multiple, high-profile tenancies, extremely strong leasing history and premium location.<\/p>\n

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The property fronts The Lawns greenspace and thoroughfare.<\/p>\n

Mr McGrath said the historic location was part of the story of Canberra\u2019s early development, and property sales in Manuka were rare.<\/p>\n

It is also close to Parliament House and the developing government precinct of Barton, which will be home to thousands more Commonwealth public servants in the coming years.<\/p>\n

Mr McGrath said Manuka had recently gone through a regeneration cycle, and the market was now very strong.<\/p>\n

That would be strengthened even more once the new five-star hotel being built on the former Capitol Theatre site by the Liangis Group is completed next year.<\/p>\n

The sale is being conducted as an Expression of Interest process, closing on Thursday, 18 September.<\/p>\n

\u201cIt will bring more people to the precinct, especially interstate people who will contribute to the local retail and hospitality economy,\u201d Mr McGrath said.<\/p>\n

Ray White Commercial also sold four high-profile retail units totalling 318 sqm in the Manuka Village mall for $2.6m on 30 June.<\/p>\n","protected":false},"excerpt":{"rendered":"The Manuka property is home to a Canberra dining institution, Urban Pantry. Photo: Ray White Commercial. An iconic…\n","protected":false},"author":2,"featured_media":96647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[64,63,137,490],"class_list":{"0":"post-96646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-medication","8":"tag-au","9":"tag-australia","10":"tag-health","11":"tag-medication"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/96646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=96646"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/96646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/96647"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=96646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=96646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=96646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}