78 Franklin Street Forrest, ACT 2603
0.55ha (1.35 acres)
Approved Parliamentary Precinct Development Site
JLL Hotels & Hospitality Group and JLL Canberra have been retained on an exclusive basis to offer for sale the approved hotel development site at 78 Franklin Street, Forrest in Canberra.
Key property and investment highlights:
• The approved Hotel scheme comprises of 227 guest rooms and suites, a restaurant, bar and lounge, meeting facilities, a function room, swimming pool, gym, health spa and 297 car parking spaces
• Located in the Parliamentary Precinct, next to Parliament House and is surrounded by a multitude of international embassies, consulates and high commissions’
• 15 minute drive from Canberra International Airport
• Walking distance from Manuka Shopping Precinct
• Crown lease has been varied to permit a wide variety of commercial accommodation, hospitality and community uses.
• Canberra has one of the strongest economies in Australia, with residents enjoying the highest average level of disposable income of any Australian capital city, together with strong growth in overnight visitors
• Canberra is one of Australia’s best performing hotel markets with STR Global data showing RevPAR growth of over 4% through 2018
Property ID: 503194802Last Updated: 22 May 2019