COMPELLING VALUE-ADD OPPORTUNITY IN NATIONAL CAPITAL
8 Chandler Street, Belconnen, ACT 2617
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