7-11 Barry Drive, Turner, ACT 2612

Offices

For Sale

  • Property ID: 446317
  • Floor Area: 2251m²
  • Occupancy: Vacant
Incredible Investment Opportunity on the Fringe of Canberra's CBD

Prominently located fronting Barry Drive on the north western fringe of the CBD, 7-11 Barry Drive enjoys excellent exposure to passing traffic each day and is only a short stroll to all of the CBD’s amenities including the Canberra Centre.
7-11 Barry Drive is situated 500 metres from Canberra’s CBD on the corner of Moore Street and Barry Drive, the major road feeding the CBD from North Canberra and Belconnen. This unique office asset offers the astute investor the perfect opportunity to acquire an affordable well positioned and leased asset anchored by one leading Australia’s leading Universities.
The building has enjoyed a long history of institutional grade tenants due to its convenient CBD fringe location, proximity to the ANU, public transport and high carparking ratio ensuring its high leasing performance since the building was constructed in 1987.
Key Features:
• Net annual rent - c. $1 million p.a.
• Anchored by ANU tenancy
• 3-year WALE
• 2,251m2 modern office space
• Major building refurbishment in 2014
• Two levels of office accommodation
• Flexible floor plates to suit large and smaller tenants alike
• High signage exposure to the CBD and Barry Drive
• Over 3 car parking spaces per 100m2
• Large site of 2,562m2
• Great future redevelopment site (subject to planning approval)
Canberra’s CBD is changing. The ACT Government, in conjunction with the City Renewal Authority, is beginning work on ‘once in a generation’ redevelopment of the CBD and wider region, from City Hill to the Convention Centre Precinct.
As urban consolidation continues, the CBD must continue to grow north, which presents an extraordinary opportunity for redevelopment into the future.
Tenanted Investment
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Turner Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $336 ---
Retail --- $455 ---
Offices --- $367 ---
This is the average advertised price, rent and yield for Turner, ACT 2612*
* 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:

  • 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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