BMR Commercial pty ltd, on behalf of our vendors, is delighted to be offering 219 London Circuit Canberra for sale via an EOI process.
Known as CCG House, this property provides a rare opportunity to secure a stand-alone building within the Canberra CBD.
This is an exceptional opportunity for owner occupiers with the capacity to invest in upgrade work. This asset is has additional potential for as well investors and potentially developers (subject to ACT Government Land and Planning
development approval).
DESCRIPTION
CCG House was constructed in the 1980's and is a freestanding 5 level (including basement and rooftop
plant room) standalone building situated on a land parcel of 550m2** plus counter levered area of 195m2**
over Rabaul Lane, Canberra City.
** Areas are approximate
The combined blocks total 777 m2 or thereabouts Blocks 5,6,7 Section 12 CITY
LOCATION
219 London Circuit is located within one of the most active commercial development precincts within
the CBD. Recent projects in the area include the Meriton Hotel, Highgate apartments, The award-winning Constitution
Place precinct housing ACT Government staff, 221 London Circuit refurbishment program along with the
recently commenced a multi-story parking station which is immediately adjacent to CCG house.
CAR PARKING
15 secure basement parking spaces plus 2 on grade
TITLE DETAILS
Crown Lease commenced 19 September 1979 terminating in 99 years (2078)
Site Area 777 m2 or thereabouts Blocks 5,6,7 Section 12 CITY
Title Details City Section 12 Block 5 on Deposited Plan 4911 City Section 12 Block 6 on Deposited Plan 4911 City Section 12
Block 7 on Deposited Plan 5086*
GROSS FLOOR AREA
The Gross floor Area shall not exceed 2,207m2 (Source, existing Crown Lease)
PERMITTED USES
Permitted uses: To use the premises only for the purpose of any one or more of the following:
Commercial offices,
Restaurants,
Banks
Retail shops
Clubs
A tavern,
Commercial recreation facilities,
Public entertainment facilities,
Personal and commercial services and agencies PROVIDED THAT -
(i) the plaza level be used only for any one or more of the following: personal and commercial services
and agencies, restaurants, banks and retail shops; and (ii) * Block 7 will be used only for the purpose
of access;
Land Zone: ONE Overlays: S: Special Requirements apply under N.C.P. CZ1
In addition to the above, An amendment to the crown lease was approved in 2021 to allow the following
In addition to the permitted uses above an
additional use of Drink Establishment (on the plaza level only) was approved. Section 3(a)
(1) The plaza level be used only for any one or more of the following: drink establishment limited to a
maximum gross floor area of 300 square metres, PROVIDED ALWAYS THAT from 7am to 10pm, the noise
levels from the use of the plaza level of the premises for drink establishment, measured for the boundary
of the nearest effected residence, shall be of no greater than 55 decibels and, from 10pm to 7 am,
the noise levels measured to the boundary of the nearest effected residence, shall be no
greater than 45 decibels:
Please contact the exclusive listing agents to register your interest, arrange inspection and request
access to the Due Diligence material.
EOI sale process closing 4p.m. on the 27th of November 2024
