243 Northbourne Ave, Lyneham, ACT, 2602, AU

243 Northbourne Avenue, Lyneham

Attributes

Building area net

8,220 m²

Occupancy

84%

Year built

1997

Land area gross

7,663 m²

Asset Description

243 Northbourne Avenue is a boutique office building that offers 8,220 sqm of high-quality office space in the inner-north suburb of Lyneham, Canberra. The building was constructed in 1997 and has recently been repositioned by Cromwell. The property is occupied by 13 tenants, including the Commonwealth of Australia, Verizon, and Liquid Instruments.

Located on the western side of Northbourne Avenue, this asset offers investors the opportunity to acquire a significant site of 7,763 sqm that has the potential to be redeveloped into high-density residential apartments, commercial accommodation, or health facilities.

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Investment Highlights

Investment highlights include:

· Major building refurbishment completed in 2018

· On-site café providing amenity to tenants

· U-shaped floor plates with courtyard provides an abundance of natural light

· Panoramic views from the upper floors of Mount Ainslie, Mount Majura and Black Mountain

· Above average parking provision of 1 space per 37sqm

· 5-star NABERS Energy and 4-star NABERS Water ratings

A 100% Crown Leasehold interest in 243 Northbourne Avenue is offered for sale via Expression of Interest (EOI), closing 4pm, Wednesday 15 November 2023 (AEDT).