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The Creswell - Unit 41, 65 Constitution Avenue Campbell ACT 2612

  • Offices
  • 1,276 m²
  • For Sale, For Sale by Private Treaty - Contact Agent

A Grade Office Space with Tier 1 Tenant

  • 1276sqm of premium office space
  • Located in Defence & Security Zone
  • 46 Secure Basement Carparks

The Creswell, Unit 41, 65 Constitution Avenue, Campbell is a 1,276sqm commercial office accommodation on Level 1, offering a premium location for an office investment housing the head office of Hindmarsh. This prime position investment guarantees the astute investor an opportunity to purchase office accommodation with an exceptional level of prestige and quality within Canberra's commercial office market.

The Creswell, Unit 41, 65 Constitution Avenue is being sold with a five-year lease plus one five-year option to Hindmarsh Construction Australia. The lease will commence on settlement allowing the new owner to have 5 full years of income. The property will generate a gross revenue of $695,469 in the first year with approximate outgoings of $95,900.

The unit has excellent frontage to Constitution Avenue directly opposite the Ben Chifley building housing ASIO, and easy access to Russell the epicentre for Australian Defence. 

The age of The Creswell development means limited ongoing capital expenditure creating low ongoing costs and presenting compelling returns.

The commercial unit benefits from an exclusive entrance, dedicated air conditioning, plant and toilets which limits investors having to rely on body corporate for cleaning and servicing inside the tenancy. The property also has its own exclusive lift with access from the basement.

Attractive 5 year WALE
100% Leased to secure Tier 1 Construction company - Hindmarsh Construction who have occupied the adjacent building for over 40 years prior to The Creswell development
Premium office space located in Defence and Security precinct
1,276sqm tenancy over 2 levels with exclusive entry point on Constitution Avenue
Fixed annual rental reviews of 3.25% which ensures rental growth of the asset well above CPI figures
Excellent 46 secure basement carparks with a ratio of 1 park to 28 sqm of office space
Situated on the corner of Constitution Avenue only minutes from Canberra CBD, Parliament House and directly opposite ASIO headquarters and the nearby Department of Defence Building at ANZAC Park West
Estimated Net Income $599,569

For sale by Private Treaty.

For more information or to arrange an inspection please contact the exclusive listing agents, JLL.

All figures are approximate.

Property Highlights

Property ID2016407384
Floor Area1,276 m²
Land AreaAsk Agent
EnergyAsk Agent
Parking46 x Onsite parkings
Annual ReturnAsk Agent
Last updated  15 Sep 2020
Map for The Creswell - Unit 41, 65 Constitution Avenue Campbell ACT 2612
Map for The Creswell - Unit 41, 65 Constitution Avenue Campbell ACT 2612The Creswell - Unit 41, 65 Constitution Avenue Campbell ACT 2612
JLL - Canberra
Level 7, 121 Marcus Clarke St Canberra ACT 2600

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