Added 5 days ago
West Block, 21 Queen Victoria Terrace,
Parkes, ACT 2600
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Sale - Expression of Interest closing Thu 14 Nov
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Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
West Block, 21 Queen Victoria Terrace
Parkes, ACT 2600
Map of West Block, 21 Queen Victoria Terrace
Train stations within 5 km of West Block, 21 Queen Victoria Terrace, Parkes, ACT 2600 Distance Canberra Railway Station 2.9 km POWERED BY HERE ©Tram stops within 5 km of West Block, 21 Queen Victoria Terrace, Parkes, ACT 2600 Distance Alinga Street 2.6 km Elouera Street 3.2 km POWERED BY HERE ©Bus stops within 5 km of West Block, 21 Queen Victoria Terrace, Parkes, ACT 2600 Distance Commonwealth Av Opp Albert Hall 416 m Federation Mall Parliament House Northbound 431 m Queen Victoria Tce Tennis Courts 450 m King Edward Tce Treasury Building 463 m King Edward Tce National Library 491 m POWERED BY HERE ©
POWERED BY HERE ©
Australia's Most Powerful Address
- 100% Leased to Commonwealth of Australia
- National Triangle Location
- Low-Capex Investment
Cushman & Wakefield and Colliers are pleased to present for sale West Block, 21 Queen Victoria Terrace, Parkes – a revitalised icon in Canberra’s prestigious Parliamentary Precinct.
Key Investment Highlights:
- Secure, Long-term Investment – Leased to the AAA-rated Commonwealth Government for 11.0 years* (from October 2024), providing stable, low-risk income with minimal capital expenditure requirements.
- 100% Commonwealth-Leased – Unique opportunity to secure a Parliamentary tenanted asset, a fully leased to the Department of Parliamentary Services providing a commencing net income of $4.34 million* per annum.
- Prime Parliamentary Location – Positioned on a 1.7-hectare* island site within the Parliamentary Precinct, just 400m* from Parliament House, offering unparalleled proximity to Australia’s political and administrative core.
- Fully refurbished asset of national significance – Over $45 million* invested in refurbishing this iconic Art Deco building that was once the Prime Minister office, including upgraded mechanical and electrical systems, premium end-of-trip facilities, targeting 5-star NABERS rating.
- Development Potential – Development approval for a 690* sqm free-standing pavilion, allowing tenant expansion, with further potential for additional structures.
A 100% interest in West Block, 21 Queen Victoria Terrace, Parkes is available through Expressions of Interest, closing Thursday 14 November 2024 at 12pm (AEDT).
Cushman & Wakefield
Daniel Wolman | 0412 957 8...
Oliver Hay | 0419 528 5...
Colliers
Matthew Winter | 0432 344 6...
Alex McColl | 0466 620 8...
Paul Powderly | 0413 122 877
*approximately
Key Investment Highlights:
- Secure, Long-term Investment – Leased to the AAA-rated Commonwealth Government for 11.0 years* (from October 2024), providing stable, low-risk income with minimal capital expenditure requirements.
- 100% Commonwealth-Leased – Unique opportunity to secure a Parliamentary tenanted asset, a fully leased to the Department of Parliamentary Services providing a commencing net income of $4.34 million* per annum.
- Prime Parliamentary Location – Positioned on a 1.7-hectare* island site within the Parliamentary Precinct, just 400m* from Parliament House, offering unparalleled proximity to Australia’s political and administrative core.
- Fully refurbished asset of national significance – Over $45 million* invested in refurbishing this iconic Art Deco building that was once the Prime Minister office, including upgraded mechanical and electrical systems, premium end-of-trip facilities, targeting 5-star NABERS rating.
- Development Potential – Development approval for a 690* sqm free-standing pavilion, allowing tenant expansion, with further potential for additional structures.
A 100% interest in West Block, 21 Queen Victoria Terrace, Parkes is available through Expressions of Interest, closing Thursday 14 November 2024 at 12pm (AEDT).
Cushman & Wakefield
Daniel Wolman | 0412 957 8...
Oliver Hay | 0419 528 5...
Colliers
Matthew Winter | 0432 344 6...
Alex McColl | 0466 620 8...
Paul Powderly | 0413 122 877
*approximately
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Property ID: 504710956Last Updated: 15 Oct 2024
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