ACIAR House is for sale via Expressions of Interest and comprises a stand-alone, two storey office building located in the Australian Capital Territory’s (ACT) Inner North suburb of Bruce. The property has recently been significantly refurbished and features a Gross Floor Area (GFA) of approximately 1,500m² on a large corner site of 5,574m².
Located 7km from the Canberra CBD and 3km from the Belconnen Town Centre, ACIAR House is within close proximity to major facilities such as the University of Canberra, Australian National University, Australian Institute of Sport and Calvary Hospital. The nearby Belconnen office market is comprised of over 162,000m² of total space and is supported by numerous Commonwealth Government Departments, private sector and a regional Westfield Shopping Centre.
The property is fully leased to ACIAR, a statutory authority of the Australian Commonwealth Government, with a lease expiry of 31 July 2025 and a further five year option. Net passing income is $509,232 p.a. + GST with the tenant responsible for all building outgoings. In addition to the superb passive investment attributes, ACIAR House occupies a significant corner position along Thynne Street, one of the major thoroughfares through Bruce. The property features CZ5: Mixed Use Zoning which may allow purchasers to consider future residential redevelopment (*subject to approvals).
