Chisholm Village, a prominent neighbourhood shopping centre in Canberra, has been listed for sale, marking the first time in over four years such a property has been formally offered in the Australian Capital Territory (ACT), highlighting the tightly held nature of retail investment in the nation’s capital.
Situated at 42 Halley Street, Chisholm, the centre features a diverse retail mix anchored by a full-line Coles supermarket. The recent renewal of Coles' lease agreement, a substantial increase in base rent, and three new 10-year options, coupled with a planned major refurbishment by December 2026, significantly enhances the property's appeal.
“Chisholm Village is a unique opportunity to acquire a high-performing retail asset in a market where properties of this kind are extremely challenging to come by,” said Steve Lerche, National Director of Retail Investments at Savills Australia and New Zealand.
“The centre’s robust supermarket sales, diverse tenant mix, and potential for further value-add make it a prime investment,” Mr Lerche added.
The listing of Chisholm Village comes at a crucial time for Canberra’s retail sector. According to a recent Urbis report, supermarkets in Canberra are operating at 30% above the national average for trading volumes.