Share this property

Directions

8 Chandler Street Belconnen, ACT 2617

Directions

Sold

8 Chandler Street Belconnen, ACT 2617

Offices • Shop & Retail
Sold Price

$7,000,000

Floor area

4392.0m²

Property extent

Whole

Tenure type

Tenanted Investment

NABERS

1.5

Sold on

28 Sep 2018

COMPELLING VALUE-ADD OPPORTUNITY IN NATIONAL CAPITAL

  • Major tenant - Commonwealth of Australia
  • 4,392sqm NLA
  • 55 basement car parks
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

Property ID: 502624206Last Updated: 6 Mar 2019

0408 *** ***
8 Chandler Street
Belconnen, ACT 2617

Agency contacts

CBRE - Canberra

View Profile

CBRE - Canberra

Level 12, 14 Moore Street
CITY, ACT 2601
progress tick

Sending email...

Email enquiry

Send to:

Adrian Woolgar
CBRE - Canberra
8 Chandler Street Belconnen, ACT 2617

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

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call