205 Anketell Street, Canberra

JLL and Civium are pleased to present for sale, 205 Anketell Street, Canberra.

205 Anketell Street is a 7,149 sqm mixed-use asset and is anchored by a 76 key Punthill (Veriu Group) serviced apartment hotel, the Canberra Institute of Technology's Tuggeranong campus, and ground floor retail tenancies. It carries a long 6.4-year WALE and approximately $2.7 million in net passing income across accommodation, education and retail.

Following more than $14 million in recent capital upgrades, and with embedded residential zoning allowing for up to four additional floors comprising 80 residential apartments, this is an outstanding opportunity to secure a government backed income stream in one of Canberra's most tightly held precincts.

Situated in the commercial core of Greenway, the administrative and commercial hub of the Tuggeranong Valley, the property services a large public sector workforce of approximately 6,500 employees. The location benefits from minimal direct competition, with only one other hotel in the immediate area and strong ground floor retail occupancy, sitting directly opposite the entrance to South.Point Tuggeranong.