16/17, 2 King Street, Deakin, ACT 2600

Investment | Offices

Sold $2,700,000

  • Property ID: 245887
  • Floor Area: 461m²
  • NBN Availability: Build Commenced
  • Cafes: 20+ nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 461m2 N/A N/A

For sale is units 16 and 17 of 2 King Street, Deakin which presents as an exceptional investment opportunity, with a long lease in place to a Government owned lease covenant. This is a fantastic opportunity for anyone looking to add to their current portfolio or invest their super.

Investment highlights:

+ Current net passing income - $175,928 pa
+ 4.00% annual rent increases until Nov 2027
+ Strong performing strata development
+ Premier boutique Canberra location
+ Well connected location with further enhancements
+ Guaranteed rental growth
+ Long history of low vacancy in the building
+ Government owned lease covenant

This is an opportunity to invest in this innovative development which has attracted high calibre tenants such as Sydney IVF, Aspen Medical, Queensland University of Technology, National Accreditation Authority for Translators & Interpreters (NAATI), Frog Tech Pty Ltd and Rural Funds Management.
The building has an excellent central address with easy access to Woden, Canberra City and the Parliamentary Triangle.

Building features include:
* New high quality office/ medical accommodation
* Innovative design
* Designed to achieve 4.5 NABERS rating
* Abundance of natural light

Surrounding amenities include:
* Pool facility for lap swimming and hydro therapy
* Recreation ovals
* Cafe offering catering services
* Child care centre
* Medical and dental services
* Ample public parking available directly opposite the building

Please contact CBRE for further information or to register your interest before EOI closes on the 18th June 2020 at 4pm.


Deakin Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $340 ---
Retail --- $788 ---
Offices $4323 $405 9.36%
This is the average advertised price, rent and yield for Deakin, ACT 2600*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 16/17, 2 King Street, Deakin, ACT 2600. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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