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Unit 41/65 Constitution Ave Campbell ACT 2612

  • Offices
  • 1,276 m²
  • For Sale, For Sale by EOI 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 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.

Investment Highlights:

- 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 expression of interest closing 4pm AEST Tuesday 8 September 2020.

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

All figures are approximate.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016407384
Floor Area1,276 m²
Land AreaAsk Agent
EnergyAsk Agent
Parking46 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  30 Jul 2020
Map for Unit 41/65 Constitution Ave Campbell ACT 2612
Map for Unit 41/65 Constitution Ave Campbell ACT 2612Unit 41/65 Constitution Ave Campbell ACT 2612
JLL - Canberra
Level 7, 121 Marcus Clarke St Canberra ACT 2600

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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