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Development/Land For Sale found in BELCONNEN, ACT 2617

Properties located in the surrounding suburbs

ABSOLUTE LANDMARK DEVELOPMENT OPPORTUNITY WITH HOLDING INCOM...

Development/Land

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.
Tenanted Investment
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Building: 3872m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Belconnen, ACT 2617

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $3764 $309 8.21%
Retail $4394 $384 8.74%
Industrial $250
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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