Property No. 127652748


496 Northbourne Avenue, Dickson, ACT 2602

Absolute Landmark Development Opportunity With Holding Income

 Absolute Landmark Development Opportunity With Holding Income 496 Northbourne Avenue represents a rare opportunity to purchase a large scale development site with approximately 2.5 years of holding income, underwritten by the ACT Government. The primary features of this opportunity are:- Gateway location on the corner of Northbourne Ave and Antill Street in Dickson, Canberra- Outstanding vista's on the eastern, northerly and westerly sides.- Street frontage to Challis Street, Antill Street and Northbourne Avenue.- 6090 sqm level rectangular site currently allowing development up to 32 metres.- Ideally positioned to capitalise on the new Capital Metro Light Rail and Dickson Town Centre revitalisation.- Crown lease allowing residential, office, retail, restaurant and hotel uses with no gross floor area restriction.- 3872 sqm office building with 125 on site car parks leased to the ACT Government until 24 August 2020- The building has as 4-Star NABERS Energy rating.- Current net annual income of approximately $1.7 million For Sale by Expressions of Interest closing at 3pm on Wednesday the 6th of December 2017.

Current use


DA Approval:


I would like to: