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COMPELLING VALUE-ADD OPPORTUNITY IN NATIONAL CAPITAL

8 Chandler Street, BELCONNEN ACT, 2617

Sold

Property Sold in 8 Chandler Street, BELCONNEN ACT, 2617

CBRE Canberra City

Level 12, 14 Moore Street, Canberra, ACT 2601

Listing ID:
11271955
Status:
Sold
Price:
Contact Agent
Last Updated:
26/07/2019
Icon building

Property Type

Offices/Retail
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Land Area

N/A
Icon size

Floor Area

4392 SQM
Icon parking

Parking

N/A

COMPELLING VALUE-ADD OPPORTUNITY IN NATIONAL CAPITAL

Northpoint Plaza, 8 Chandler Street Belconnen ACT is offered for sale exclusively by CBRE.

The key investment highlights for the property are:

- 4,392sqm NLA commercial asset with multiple value-add strategies
- Multi-tenanted asset providing holding income
- Potential to increase returns and lease expiry profile
- 75% occupied with major tenant being Commonwealth of Australia (Centrelink) who occupy 16% of the NLA
- Fully leased net income $1,010,668 p.a (approx.)
- Refurbishment and reposition opportunity
- Possible long term prime residential redevelopment (subject to DA)
- 1.5-star NABERS Energy Rating
- 55 basement car parks

For more details, please email agent

CBRE Canberra City

Level 12, 14 Moore Street, Canberra, ACT 2601


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