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Development/Land For Sale found in BRUCE, ACT 2617

OCCUPY, REDEVELOP OR LANDBANK IN LEAFY SUBURB OF BRUCE

Investment | Development/Land | Offices | Medical

15 Thynne Street is located within the quiet leafy suburb of Bruce, approximately 2kms from Belconnen Town Centre and approximately 7kms from Canberra City Centre. Bruce is well known for its pleasant bush setting, offering an excellent living and working environment. The area houses a mix of commercial, leisure, medical and educational facilities, plus a range of residential accommodation from single title dwellings to medium and higher density townhouse and apartment complexes.
Notable landmarks within the area include:
• University of Canberra
• Calvary Hospital
• Australian Institute of Sport
• Canberra Stadium
• Canberra International Sports and Aquatic Centre
• Canberra Institute of Technology
15 Thynne Street, known as The Don Gray Building, is a single title two storey office building of 2,400sqm*. The building sits on a 4,800sqm* site with a bitumen sealed car accommodating 52* spaces. The property is currently 100% occupied by Telstra Corporation Limited expiring 31 July 2018 with a passing NET income of $695,881* pa ($57,990/month)*.
Zoned within the Territory Plan as CZ5 (Mixed Use) permitting uses such as 'residential' and 'community', the site offers plenty of redevelopment potential (subject to Crown Lease Variation) and potential to combine with the property in front.
The property is offered for sale by Expression of Interest Closing Thursday 13th July 2017.
*Approx
NABERS rating: 0 stars

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Price: FOR SALE BY EXPRESSION OF INTEREST    Building: 2400m²    Land: 4800m²

Properties located in the surrounding suburbs

DA READY TOWNHOUSE DEVELOPMENT SITE

Development/Land

Aranda is a highly-sought after residential market and few opportunities are readily available to buy into the suburb. The chance to acquire adjoining blocks and construct 6 premium townhouses comes at an ideal time in the market and with the DA already lodged, the time to get this block underway will be reduced.
37 and 39 Bandjalong Crescent offers 1,755sqm of RZ2-zoned land approximately 100m from the Aranda Shops, 800m from the Jamison Centre and 10 minutes from the Canberra CBD. The immediate area is a mix of single residential dwellings and modern townhouse developments as well as local schools and community facilities.
The current DA was lodged prior to the July 2017 changes to the Lease Variation Charge system for multi-unit developments, presenting a substantial cost saving upfront.
Stewart Architects has designed a scheme that incorporates generous bedrooms and living areas, undercroft parking for two cars and internal courtyards. The dwellings can also be built to suit adaptable living.
The location of Aranda in the inner residential ring of the ACT will underpin the strength of these townhouses in the future and help developers secure
attractive returns. To be sold by Public Auction on Firday 20th October 2017 at 11am. Contact the exclusive marketing agents Knight Frank for more details. EER - 1 star and 1.5 stars

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Price: Auction    Land: 1755m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Bruce, ACT 2617

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

Price (m²) Rent (m²) Yield
Offices $4848 $381 7.85%
Retail $5493
Industrial $360
* 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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