Blue-chip Canberra office building a must-see for astute investors

By
Ray Sparvell
February 26, 2024
11 National Circuit, Barton houses a portfolio of high-profile tenants. Photo: Supplied.

Barton is home to many peak industry bodies, including those which have invested in their own properties.

Engineers House at 11 National Circuit houses a portfolio of high-profile tenants, from international consultants and defence industry representatives to diplomats.

The four-storey building with basement parking has undergone a suite of recent refurbishments, including timber feature treatments, floor coverings, paint, landscaping and signage.

There’s now an opportunity to join the owner, Engineers Australia, through the sale of six fully leased spaces.

These units enjoy close proximity to the corridors of power, with some boasting views back to Parliament House.

Dania Khalil of Civium Property Group – Commercial says the units have quality fitouts, an abundance of natural light and attractive views.

“They are leased to quality tenants and represent highly attractive and secure assets that will appeal to astute investors,” she says.

“These opportunities will likely appeal to property syndicates and high-net-worth individuals.”

Units 6-8 total 643 square metres. These are offered in one line with a net annual rental income of $244,512.

Unit 9 is 213 square metres and can be bought individually, with a net annual rental income of $70,429.

Units 12-13 total 435 square metres and are offered in one line with a net rental income of $194,747.

All units are sold as “going concerns” and GST does not apply.

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