8 Chandler Street, Belconnen, ACT 2617

Investment | Offices | Retail

Sold $9,000,000

  • Property ID: 277175
  • Floor Area: 4392m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 28/09/2018 4392m2 N/A $7,000,000
Sold N/A 4392m2 N/A N/A
COMPELLING VALUE-ADD OPPORTUNITY IN NATIONAL CAPITAL

Northpoint Plaza, 8 Chandler Street Belconnen ACT is offered for sale exclusively by CBRE.

The key investment highlights for the property are:

- 4,392sqm NLA commercial asset with multiple value-add strategies
- Multi-tenanted asset providing holding income
- Potential to increase returns and lease expiry profile
- 75% occupied with major tenant being Commonwealth of Australia (Centrelink) who occupy 16% of the NLA
- Fully leased net income $1,010,668 p.a (approx.)
- Refurbishment and reposition opportunity
- Possible long term prime residential redevelopment (subject to DA)
- 1.5-star NABERS Energy Rating
- 55 basement car parks

Belconnen Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $223 ---
Retail $4237 $369 8.71%
Offices $3847 $341 8.87%
This is the average advertised price, rent and yield for Belconnen, ACT 2617*
* 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 Parking - Commercial and private parking spaces available within 500 metres of 8 Chandler Street, Belconnen, ACT 2617. 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 8 Chandler Street, Belconnen, ACT 2617. 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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