197 London Circuit,
City, ACT 2601

Colliers International is delighted to offer for sale Eclipse House, 197 London Circuit, Canberra City by Expression of Interest closing 4pm, 10 September 2015.

Eclipse House is an eleven storey commercial office building situated on Canberra’s most prestigious commercial address. The property provides area of 6,566.9m2 NLA and is majorly leased to the Australian Capital Territory as represented by the Department of Territory and Municipal Services; under a lease expiring 30 November 2016. We note the property has a five (5) year option.

The property is superbly positioned to benefit from the future growth of Canberra given its proximity to the ACT Legislative Assembly, Canberra Centre retail precinct, light rail, Australia Forum and planned CBD Football Stadium.

This is a rare opportunity to acquire an iconic building located on Canberra’s premier address which has undergone substantial renovation in recent years and is strategically positioned for the current tenant given its close proximity to the ACT Legislative Assembly.

We strongly recommend this opportunity to any investors seeking an asset with the following highlights:

- Leased to the Australian Capital Territory until 30 November 2016 with a five year option;
- Strategic location for current ACT government tenant and superbly positioned for future repositioning;
- Fixed rental growth with 3.5% annually which is higher than the current inflation target set by the Reserve Bank of Australia;
- $5,500,000 (approx.) invested by current owner on significant refurbishment that was completed in 2007;
- Opportunity to purchase in Australia’s third largest office market backed by a strong economy
- The tenant has a long history of occupation in the building and surrounding precinct given the proximity to the ACT Legislative Assembly