For Sale

Whole Building Unit 1 & 2, 32 Northbourne Avenue, CITY ACT 2601

  • Building Area 391 m²
  • Sale Price Guide: Offers over $3.1m

Leased investment in iconic Sydney Building

Highlights

  • Fully leased investment
  • Two quality tenants
  • Net leases

Description

The historic Sydney Building has a special place in the hearts of Canberrans.

Built in the early stages of Canberra’s formation, the building sits right in the heart of the city centre along Northbourne Avenue as you enter into the national capital. In recognition of the importance this building holds in the physical and social history of the city, the ACT Government has tasked the City Renewal Authority to act as the key liaison between government and owners of the iconic Sydney Building to encourage and support revitalisation of this significant heritage site.

This is a stellar investment opportunity to purchase a strong and diversified asset in the heart of Canberra City, with a net rent per annum of nearly $200,000.

32 Northbourne Ave benefits from two tenants:
- Ground Floor (unit 1): 5th Avenue
- First Floor (unit 2): Freestyle Tattoo Studio

Both are strong operators, with sound business models and market presence and both have recently spent money on refitting the premises expecting to be here for a long future.

Contact Chris Antos for a detailed IM and a copy of both lease documents

Building Area 391 m² Pricing

All prices are indicative plus GST (if any).

Tenure

Tenanted Investment

Zoning CZ1 Core Zone Land Area 200 m²

Agents

Chris Antos

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