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29-33 Northbourne Avenue, City, ACT 2601

29-33 Northbourne Avenue, City, ACT 2601

Retail Offices

  • Sold Contact Agent
  • Thu 03-Nov-16

Iconic corner property leased to CBA

  • Secure income from CBA
  • Opportunity to reposition and add value
  • Acquire a piece of Canberra's history

  • Land Area
  • 892.00 m² (approx)
  • Floor Area
  • 1,340 m²
  • Last Updated
  • Nov 26, 2016

Interested in this property? Contact an Agent today

JLL - Canberra

Level 7, 121 Marcus Clarke Street

City ACT 2601

Michael Heather
Knight Frank - Canberra

Level 12, 221 London Circuit

City ACT 2601

Daniel McGrath

Iconic corner property leased to CBA

29-33 Northbourne Avenue offers both a long term leaseback to one of Australia's most respected and secure financial institutions together with potential to reposition the property. This is the perfect blend of security and upside.

The immediate area is undergoing regeneration and the Melbourne Building sits at the centre of this transformation. The Capital Metro Light Rail will put commuters at the front door of 29-33 Northbourne Avenue and drive foot traffic to this location.

The property will appeal to both long-term investors and value-add buyers through:

• Secure income stream from a ASX top 100 listed company
• Repositioning play on the first floor
• Iconic location at one of Canberra's busiest intersections
• Surrounding infrastructure upgrades and projects

For sale by public auction at 2:00pm on Thursday 13th of October 2016

29-33 Northbourne Avenue, City, ACT 2601

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