Whole 496 Northbourne Avenue, Dickson, ACT 2602

Development/Land

For Sale

  • Property ID: 276721
  • Floor Area: 3872m²
  • Occupancy: Vacant
Absolute Landmark Development Opportunity With Holding Income

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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Dickson Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $280 ---
Retail --- $300 ---
Offices --- $424 ---
This is the average advertised price, rent and yield for Dickson, ACT 2602*
* 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.
Agency Details

Civium Property Group

17-23 Townshend Street, Phillip, ACT 2606

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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 Parking - Commercial and private parking spaces available within 500 metres of Whole 496 Northbourne Avenue, Dickson, ACT 2602. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of Whole 496 Northbourne Avenue, Dickson, ACT 2602. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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