Unique Canberra commercial investment opportunity awaits

Commercial options are often pitched as distinct opportunities – for either investors or owner-occupiers – but here’s one that offers both.

The ground-floor space, more than 300 square metres, is in a nine-storey commercial office building on a prominent city-west corner close to The Australian National University and New Acton.

The space is divided into two units: one is freshly leased for five years to a casual dining venue, while the other is vacant. That unit delivers the owner-occupier option – or it could be leased, too, for a second investment income stream.

The vacant unit 1a offers a 194-square-metre cold shell with full glass windows, ceiling grid, lighting and air-conditioning. The purpose clause permits use as an office or for retail.

The leased unit 1b is 112 square metres and features dine-in seating, a service area, a full kitchen fitout, an exhaust hood and a grease trap.

Steve Burke of Burgess Rawson says it’s a “fantastic” opportunity for an owner-occupier, an investor or someone who’s both.

“Many of the enquiries we’ve had are from people attracted to the option to be able to lease one unit and occupy the other,” he says.

“And they’re also drawn to the location close to the ANU and easy walking distance to the Canberra CBD.”

Other building tenants include professional service firms, lawyers and a GP.

$2,400,000

1/28 University Avenue, City ACT 2601

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