Rarely does an opportunity come along to purchase such an iconic property and be a part of Canberra's retail fabric.
29-33 Northbourne Avenue offers both a long term leaseback to one of Australia's most respected and secure financial institutions together with potential to reposition the property. This is the perfect blend of security and upside.
The immediate area is undergoing regeneration and the Melbourne Building sits at the centre of this transformation. The Capital Metro Light Rail will put commuters at the front door of 29-33 Northbourne Avenue and drive foot traffic to this location.
- Iconic retail property within the historic Melbourne Building
- One of the busiest intersections in Canberra
- To be sold with a branch leaseback to the Commonwealth Bank of Australia
- NLA of 1,340m2
- The Melbourne Building is positioned at the doorstep of the new light rail route
