Versatile investment opportunity arises in Belconnen's trade precinct
Here’s something that doesn’t come along very often – the chance to buy a sizeable freehold space in Belconnen’s trade precinct.
This 294-square-metre building is ideal for bulky goods or as a showroom and is packaged with four on-title parking bays.
And it’s less than 500 metres from Westfield Belconnen, major government agencies, and the town centre’s retail and service hub.
There are two adjoining units on offer, with a highly functional floor plan featuring an open-plan office, reception, workshop, kitchenette, toilets, and storage.
The property offers convenience with a frontage onto Purdue Street and a yard with gated rear access via Gillott Street.
The flexible floor plan can adapt to a wide variety of business types, complemented by CZ2 zoning, which permits numerous trade, service, and showroom uses.
Frank Walmsley of Auction Advantage says the property will likely appeal to land bankers, investors and owner occupiers.
“It’s a great opportunity with the Belconnen Town Centre under review for potential rezoning to meet long-term ACT Government growth objectives,” he says.
“Those two units represent real potential as the review is finalised.”
The property is currently occupied by a well-established local business that has operated from the site for more than 35 years.
“Their lease expires June 30, 2026 and has not yet been renewed, offering flexibility for an incoming buyer,” Walmsley says.
“An investor could re-let the space at an attractive market rent. An independent valuation supports an annual gross market rent of $95,550 plus GST.
“That makes it a highly competitive acquisition for this location, especially with the inclusion of those parking bays.”
There’s an equally appealing, but different type of opportunity for an owner-occupier.
“If you’re planning to use the property yourself, you’ll have time to plan your transition for around mid-2026 while earning holding income in the meantime,” Walmsley says. “This is a very affordable option, a way to escape rising rents to future-proof your business and secure long-term certainty.
“And it doesn’t get much better than a location like this in a tightly held industrial-commercial hub.”
The final sweetener for all types of buyers is that the sale is GST-free and stamp duty-exempt.
The Belconnen trade precinct, located within one of Canberra’s busiest town centres, has developed into a tightly held cluster of service‑oriented businesses and light industrial operators.
They range from automotive services and building suppliers to fitness studios and professional offices. Businesses benefit from strong visibility and plenty of customer parking, an added attraction for both occupiers and investors.
Demand for the mix of services remains steady due to Belconnen’s growing population base of more than 100,000 residents, proximity to Westfield Belconnen and nearby institutions such as the University of Canberra.
The precinct is close to major arterial roads, providing easy access to the broader ACT region.
“As Canberra continues to expand, the Belconnen trade precinct stands out as a strategic location for businesses seeking visibility, accessibility, and long‑term growth potential,” Walmsley says.
