1/2 Tiptree Crescent, Palmerston, ACT 2913 | Commercial for sale | OnTheHouse
 
FOR SALE
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1/2 Tiptree Crescent
Palmerston ACT 2913

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Bathrooms: -
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Floor area: 426m2
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Established Supermarket Owner-Occupier Opportunity

Raine & Horne Commercial Canberra are pleased to present IGA X-Press Palmerston for sale.
Located within the well-established suburb of Palmerston in Canberra's thriving northern region, this opportunity offers a fully fitted and operational supermarket positioned within a busy neighbourhood shopping centre servicing a strong and growing residential catchment. Palmerston forms part of the highly desirable Gungahlin district-one of Canberra's fastest-growing areas-characterised by family households, stable employment demographics and consistent population growth.
The property comprises a 426sqm regular-shaped supermarket tenancy, with the total unit area incorporating both the main shop floor and the rear back-of-house loading dock, allowing for efficient stock delivery, storage and operational functionality.
The supermarket is positioned within a vibrant neighbourhood shopping centre anchored by a mix of essential service providers and convenience retailers including Capital Chemist, Balance Family Chiropractic, Palmerston Takeaway, an on-site ATM, Kumon Education Centre, Hair Journey and Palmerston Medical Centre. This diverse tenant mix generates strong daily visitation and consistent foot traffic from surrounding residents and the nearby Palmerston Primary School.
The property benefits from ample on-grade customer parking directly servicing the centre, providing convenient access for shoppers and supporting the strong trade generated by the surrounding neighbourhood and is fully fitted out and currently operating as a grocery store. With the existing fitout including shelving, freezers, refrigeration units and associated grocery store infrastructure, along with all fixtures and fittings currently in place, plus the existing stock, this presents a true turnkey opportunity for supermarket operators, investors or owner-occupiers seeking immediate operational capability.
Full financial information and a detailed asset list can be provided upon request.
Strategically positioned within a densely populated residential catchment, the centre functions as a convenient local retail hub servicing surrounding households and benefiting from consistent neighbourhood patronage.
Key Features:
• 426sqm regular-shaped supermarket tenancy
• Unit area includes shop floor and rear back-of-house loading dock
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Property Details for 1/2 Tiptree Cres, Palmerston

Building Type
Commercial
Floor Size
426m2
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About Palmerston 2913

The size of Palmerston is approximately 1.9 square kilometres. There are 8 parks, covering nearly 9.0% of the total area. The population of Palmerston in 2016 was 5525 people. By 2021 the population was 5579 showing a population growth of 1.0% in the area during that time. The predominant age group in Palmerston is 30-39 years. Households in Palmerston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmerston work in a professional occupation.In 2021, 70.30% of the homes in Palmerston were owner-occupied compared with 66.90% in 2016.

Palmerston has 2,236 properties. Over the last 5 years, Houses in Palmerston have seen a 8.60% increase in median value, while Units have seen a 23.70% increase. As at 31 July 2026:

  • The median value for Houses in Palmerston is $1,065,982 while the median value for Units is $696,376.
  • Houses have a median rent of $673 while Units have a median rent of $605.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Palmerston on OnTheHouse. According to Cotality's data, 98 properties were sold in the past 12 months in Palmerston.

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Anthony Vatalis
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Mark Nicholls
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