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Development/Land For Sale found in MACQUARIE, ACT 2614

Properties located in the surrounding suburbs

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

SUBURB PRICE GUIDE

Suburb Summary - Macquarie, ACT 2614

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

Price (m²) Rent (m²) Yield
Offices $1
Retail $400
* 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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