This fully leased Deakin building for sale sits in one of Canberra's most popular commercial precincts

Deakin has carved a niche for itself as a prime location for businesses, particularly those with a focus in medical, allied health and professional services.

And why not? The Inner South suburb is close to the CBD, Woden, the Parliamentary Triangle and private hospitals.

Good reasons, then, for investors to take a very close look at this big, fully leased and free-standing building in popular Geils Court.

Especially when they run their fingers along the ledger’s bottom line that details an annual net rent of nearly $500,000.

The building is sited on more than 2000 square metres on the corner of Geils Court and Denison Street, and set among thoughtfully landscaped gardens and courtyards.

The building dates to the early 1990s and comes to the market for the first time in 15 years.

It is secured by three high-end office tenants, each with a strong lease covenant, ensuring stable long-term income.

There are also 14 basement and six on-grade vehicle parking bays and two basement storage areas.

Andrew Smith of Civium Property Group says standalone buildings on a single title don’t come to market very often in tightly-held Deakin.

“This is a rare opportunity for the astute investor to purchase a 100 per cent leased asset in one of Canberra’s most popular commercial precincts,” he says.

The property comes with a price guide of $7.25 million-plus. Expressions of interest close 3pm, April 29.

Expressions of Interest

43 Geils Court, Deakin ACT 2600

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