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50 Bunda Street, City, ACT 2601

50 Bunda Street, City, ACT 2601

Offices Retail

  • Sold Contact Agent
  • Wed 31-May-17

Iconic CBD Building with Enormous Exposure

  • 100% leased at 1 November 2016
  • Prime CBD location
  • 4.25 year WALE

  • Land Area
  • 696.00 m² (approx)
  • Floor Area
  • 2,071 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 31, 2017
  • Energy Efficiency Rating
  • 0.0-star NABERS Energy Rating

Interested in this property? Contact an Agent today

Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street

City ACT 2601

Iconic CBD Building with Enormous Exposure

This high-profile and iconic building in Canberra is for sale by Expressions of Interest and presents an outstanding investment in an unprecedented core CBD location.

Fronting Bunda Street and the popular Garema Place retail strip, 50 Bunda Street is a fully-leased asset with a diverse mix of income derived through rental, signage and storage agreements. The property accommodates numerous retail, restaurant and commercial operators and features a number of long-standing Canberra businesses who have successfully operated from the building for 10+ years.

The WALE of approximately 4.25 years (by income) affords prospective purchasers the opportunity to add-value to the asset through renewal of impending lease expiries, or alternatively explore a long-term re-development upside given the premium location. The CZ1: Core Zoning and Crown Lease provides further inherent development rights, with no restrictions on the building GFA*.

The Canberra CBD is home to several major Commonwealth Departments and a significant volume of commercial and retail operators. The 49,000m² Australian Tax Office headquarters and Canberra’s largest retail Centre, the 123,000m²

50 Bunda Street, City, ACT 2601

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