Skip to main content
SearchBack to results

2-6 Bowes Street Phillip ACT 2606

  • Offices
  • 12,376 m²
  • For Sale, Please contact agent

Long WALE office asset with AAA rated income profile

  • AAA Rated Lease Covenants
  • Secure Long-Term Tenure
  • Strategic Town Centre Location

Colliers and CBRE are delighted to present 2-6 Bowes Street Phillip, one of the ACT's best long WALE opportunities providing a secure, AAA-rated income stream with compelling returns. For sale via expressions of interest the asset features the following attributes:

- AAA Rated Lease Covenants - 2-6 Bowes Street serves as the headquarters for the ACT Government's Department of Health (a AAA-rated tenant by Standard & Poors) and is also occupied by the Commonwealth of Australia.

- Secure Long-Term Tenure With Fixed Annual Rental Increases - The ACT Government is in a first-generation lease having committed to an initial term of 15 years plus 2 x 5 options with 3.5% fixed annual rent reviews until 2032.

- Strategic Location - Health Precinct The property occupies a prime position in the Woden Town Centre, Canberra's recognised health hub and geographic centre of the ACT.

- Major Infrastructure Programs with Significant Upside Potential - Transformative infrastructure works are already underway in the Town Centre.

- A-Grade Office Accommodation and Best-In-Class Sustainability Credentials - A significant refurbishment program was undertaken between 2016-2017, leading to a substantially improved NABERS performance of 5.5-stars (current).

- Limited Future CAPEX Requirements - Total expenditure on building improvements has exceeded $15 million, ensuring limited future CAPEX requirements.

- Resilient Canberra Office Market - Canberra has one of the highest levels of staff office occupancies and lowest unemployment rates (3.5%)*in Australia, offering a safe-haven for investors and a market that has continued to provide resilience, most recently through COVID-19.

A 100% Interest in 2-6 Bowes Street, Phillip is offered For Sale via an International Expressions of Interest closing 4:00pm (AEDT), Thursday 21st October 2021.

Matthew Winter
Colliers International Canberra
Matthew Winter
Colliers International Canberra

Property Highlights

Property ID2017278548
Floor Area12,376 m²
Land Area4,366 m²
EnergyAsk Agent
Parking86 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  24 Sep 2021
Map for 2-6 Bowes Street Phillip ACT 2606
Map for 2-6 Bowes Street Phillip ACT 26062-6 Bowes Street Phillip ACT 2606
Matthew Winter
Colliers International Canberra
Matthew Winter
Colliers International Canberra

Property Highlights

Property ID2017278548
Floor Area12,376 m²
Land Area4,366 m²
EnergyAsk Agent
Parking86 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  24 Sep 2021
Colliers International Canberra
Level 8, 68 Northbourne Ave Canberra ACT 2600
Matthew Winter
Colliers International Canberra
Matthew Winter
Colliers International Canberra
Matthew Winter

Matthew Winter

Colliers International Canberra

+61 *** ***
+61 432 344 684

More Properties for Sale from Colliers International Canberra

ActewAGL 40 Bunda Street City ACT 2601
For SalePlease contact agent
actewagl 40 bunda street,city, ACT 2601
8,080 m²
Offices
Queanbeyan NSW 2620
Expressions of Interest
queanbeyan, NSW 2620
5,037 m²
Development / Land
10/3 Sydney Avenue Barton ACT 2600
For SaleContact Agent
10/3 sydney avenue,barton, ACT 2600
163 m²
Offices
Contact Agent