NewActon Pavilion
15 Edinburgh Avenue, Acton, ACT, 2601, AU
Description
JLL and Civium are pleased to present for sale, 205 Anketell Street, Greenway.
205 Anketell Street is a 7,149sqm* 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 $2.7million* in net passing income across accommodation, education and retail.
Following more than $14million 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.
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Attributes
Units
76
Building area gross
76,951 sf
Land area gross
25,015 sf
Occupancy
100%
WAULT
6.4 years
Year built
1989
Year renovated
2023
Call for offers
09/09/2026
Media
Investment highlights
- Diversified and secure income stream across accommodation, government backed education and retail tenants
- Net Passing income of $2.7million* with a 6.4-year WALE
- National accommodation covenant: Punthill (Veriu group) on a 10-year lease with options to 2054
- Secure government income from the ACT Government funded CIT and the Commonwealth of Australia
- Strategic town centre location opposite 75,000sqm* South Point Tuggeranong, and servicing an immediate public sector workforce of approximately 6,500 employees
- Over $14 million in recent capital expenditure, reducing forward capex and supporting tenant retention
- Development upside through potential addition of four further floors or 80 additional apartments
*Approx.
205 Anketell Street is being offered for sale via Expressions of Interest closing at 4pm, Thursday 10th September 2026 (AEST).
Contact brokers
205 Anketell Street, Greenway (0 Properties)
