This 205-square-metre cafe or restaurant space is close to buildings packed with government employees - meaning a buzzing breakfast and lunchtime trade.

Mitchell Frail of Burgess Rawson says the tenancy is partially fitted out - a big head start for a new operator.

"There's seating for up to 80, a bar, fully fitted commercial kitchen, cool room and restroom amenities," he says. "There's also a provision for additional alfresco seating and parking for six vehicles."

Frail believes the proximity to so many sources of potential business will prove to be a huge competitive advantage in attracting a new tenant.

"Anyone who's been in the hospitality game will want to be confident about their sources of custom," he says. "This space is right alongside the building designed for the Department of Human Services with some 26,000 square metres of office accommodation."

Other potential sources of foot traffic include a childcare centre, basketball stadium, the Department of Social Services and Canberra Southern Cross Club.

"Greenway is moving from strength to strength as more residents move into the area and it's starting to generate a real buzz," Frail says. "The right types of businesses will do well as they will represent convenience while also promoting a sense of community."

The cafe-restaurant site is close to popular Anketell Street, one of the Tuggeranong Town Centre's busiest streets and the major retail and commercial precinct for the district of Tuggeranong.

Town centre amenities include the Canberra Institute of Technology, Lake Tuggeranong College, Limelight Cinema, Homeworld Centre, AMF Bowling and Lake Tuggeranong.

The area was developed in the late 1980s and now includes a major shopping centre and smaller retail malls, new residential complexes and a service trades area, plus several community facilities and government departments.

The Burgess Rawson listing would also likely benefit from the new Southquay development.

Southquay Greenway is Canberra's newest waterfront precinct and is along the shores of Lake Tuggeranong. Once complete, the precinct will comprise about 1000 dwellings and more than 3000 square metres of commercial space in the heart of the Tuggeranong Town Centre.

The Southquay Greenway precinct will comprise 13 sites along the eastern and western sides of Lake Tuggeranong. All eight sites on the western side closest to Anketell Street were sold at auction during 2014-2015.

GREENWAY

41/1 COWLISHAW STREET

PRICE GUIDE: $87,000 a year plus GST

AGENT: Mitchell Frail, Burgess Rawson, 0429 103 979

INSPECT: Contact agent

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