1 Queen Victoria Terrace, Parkes_Property for Sale

1 Queen Victoria Terrace, Parkes, ACT, 2600, AU

1 Queen Victoria Terrace, Parkes

Asset Description

Set amongst the tree-lined streets of Canberra’s heart, adjacent to Parliament House, 1 Queen Victoria Terrace is a heritage-listed asset that has been home to the Commonwealth of Australia since the General Post Office moved in in 1927. Originally known as Secretariat Building No. 1, this nationally significant asset was one of the first 3 buildings to be erected in what is now known as the Parliamentary Triangle. Surrounded by some of the countries most recognisable cultural attractions and government agencies, this is an unparalleled opportunity to own a piece of national history.

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Attributes

Occupancy

100%

NOI

€1,167,000

Rentable area

4,958 m²

Year built

1926

Year renovated

2018

NABERS

4.5 Star

Land area net

15,780 m²

Media

Investment Highlights

Underpinned by the AAA Rated Commonwealth of Australia*
5.9-year WALE (Weighted Average Lease Expiry by income) providing secure cashflow**
Home to the National Archives, who have occupied the Property since 1998
Prominent 1.57ha site with 4,958 sqm of A-grade office space over 4 levels
Nationally significant asset located in the in-demand Parliamentary Precinct, with just 2.9% vacancy across A-grade.
Strategic proximity to Parliament House, central Government Agencies and major Australian Cultural Institutions.
Energy and water efficiency ratings of 4.5-star NABERS Energy and 3.5-star NABERS Water

A 100% Crown Leasehold interest in 1 Queen Victoria Terrace is offered for sale via Expressions of Interest closing 4pm Tuesday 19 November 2024 (AEDT).