29-33 Northbourne Avenue,
City, ACT 2601
Shops & Retail • Offices
Price information
Sold
$2,850,000
Key property information
Land area
Floor area
Sold on
Map of 29-33 Northbourne Avenue
Iconic corner property leased to CBA
- Secure income from CBA
- Opportunity to reposition and add value
- Acquire a piece of Canberra's history
29-33 Northbourne Avenue offers both a long term leaseback to one of Australia's most respected and secure financial institutions together with potential to reposition the property. This is the perfect blend of security and upside.
The immediate area is undergoing regeneration and the Melbourne Building sits at the centre of this transformation. The Capital Metro Light Rail will put commuters at the front door of 29-33 Northbourne Avenue and drive foot traffic to this location.
The property will appeal to both long-term investors and value-add buyers through:
• Secure income stream from a ASX top 100 listed company
• Repositioning play on the first floor
• Iconic location at one of Canberra's busiest intersections
• Surrounding infrastructure upgrades and projects
For sale by public auction at 2:00pm on Thursday 13th of October 2016
The immediate area is undergoing regeneration and the Melbourne Building sits at the centre of this transformation. The Capital Metro Light Rail will put commuters at the front door of 29-33 Northbourne Avenue and drive foot traffic to this location.
The property will appeal to both long-term investors and value-add buyers through:
• Secure income stream from a ASX top 100 listed company
• Repositioning play on the first floor
• Iconic location at one of Canberra's busiest intersections
• Surrounding infrastructure upgrades and projects
For sale by public auction at 2:00pm on Thursday 13th of October 2016
Property ID: 502107778Last Updated: 15 Dec 2016
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