For Sale

Whole, 496 Northbourne Avenue DICKSON

  • Area3,872 m²
  • Sale Price Expressions of Interest

Absolute Landmark Development Opportunity With Holding Income

Description



Absolute Landmark Development Opportunity With Holding Income

496 Northbourne Avenue represents a rare opportunity to purchase a large scale development site with approximately 2.5 years of holding income, underwritten by the ACT Government. The primary features of this opportunity are:

- Gateway location on the corner of Northbourne Ave and Antill Street in Dickson, Canberra
- Outstanding vista's on the eastern, northerly and westerly sides.
- Street frontage to Challis Street, Antill Street and Northbourne Avenue.
- 6090 sqm level rectangular site currently allowing development up to 32 metres.
- Ideally positioned to capitalise on the new Capital Metro Light Rail and Dickson Town Centre revitalisation.
- Crown lease allowing residential, office, retail, restaurant and hotel uses with no gross floor area restriction.
- 3872 sqm office building with 125 on site car parks leased to the ACT Government until 24 August 2020
- The building has as 4-Star NABERS Energy rating.
- Current net annual income of approximately $1.7 million

For Sale by Expressions of Interest closing at 3pm on Wednesday the 6th of December 2017.

Tenure type

Tenanted Investment

Agents

Andrew Smith
  • T 02 6162 0681
  • M 0409 600 471
  • @ Email me
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