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496 Northbourne Avenue Dickson, ACT 2602

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For Sale - Expression of Interest

496 Northbourne Avenue Dickson, ACT 2602

Development Sites & Land • Offices
Sale Price

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Land area

0.61ha (1.5 acres)

Floor area

3872.0m²

Car spaces

125

Parking info

125

Tenure type

Tenanted Investment

Absolute Landmark Development Opportunity With Holding Income

Absolute Landmark Development Opportunity With Holding Income

496 Northbourne Avenue represents a rare opportunity to purchase a large scale development site with approximately 2.5 years of holding income, underwritten by the ACT Government. The primary features of this opportunity are:

- Gateway location on the corner of Northbourne Ave and Antill Street in Dickson, Canberra
- Outstanding vista's on the eastern, northerly and westerly sides.
- Street frontage to Challis Street, Antill Street and Northbourne Avenue.
- 6090 sqm level rectangular site currently allowing development up to 32 metres.
- Ideally positioned to capitalise on the new Capital Metro Light Rail and Dickson Town Centre revitalisation.
- Crown lease allowing residential, office, retail, restaurant and hotel uses with no gross floor area restriction.
- 3872 sqm office building with 125 on site car parks leased to the ACT Government until 24 August 2020
- The building has as 4-Star NABERS Energy rating.
- Current net annual income of approximately $1.7 million

For Sale by Expressions of Interest closing at 3pm on Wednesday the 6th of December 2017.

Property ID: 502615162Last Updated: 13 May 2019

496 Northbourne Avenue
Dickson, ACT 2602

Agency contacts

Civium Property Group

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Civium Property Group

17-23 Townshend Street
PHILLIP, ACT 2606
LJH Commercial - Canberra

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LJH Commercial - Canberra

Level 6, 28 University Avenue
CITY, ACT 2601
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Send to:

Andrew Smith
Civium Property Group
496 Northbourne Avenue Dickson, ACT 2602

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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