34 Marcus Clarke Street Canberra ACT 2601

Prominently positioned in Canberra's prestigious City West precinct, 34 Marcus Clarke Street and 3 Hobart Place offer an exceptional investment opportunity in the heart of the national capital. This Opportunity comprises two adjoining properties with a combined land area of 900 sqm, strategically located opposite the Australian National University (ANU) campus.
The assets benefit from unparalleled proximity to Canberra's burgeoning infrastructure initiatives and the continuously expanding ANU, one of Australia's leading universities.

34 Marcus Clarke Street, known as Academie House, is a 90-bed student accommodation asset with additional ground floor retail space. Originally constructed in 1966 as an office building, it was repurposed in the early 2000s to cater to Canberra's growing student population. The property offers immediate access to the 17,380-strong student body of ANU, ensuring consistent demand.

Adjoining Academie House is 3 Hobart Place, a boutique office building comprising 634 sqm of accommodation over three levels. Currently fully leased to Adero Law firm, this asset provides privacy for tenants while maintaining easy access to all the amenities the CBD has to offer.

A 100% Crown Leasehold interest in 34 Marcus Clarke Street and 3 Hobart Place is offered for sale via Expressions of Interest closing 4pm Tuesday 18 March 2025 (AEDT)

Excellent location in Canberra's expanding City West precinct
Directly opposite Australian National University, ensuring strong student accommodation demand
1.5 year WALE by Income*
900 sqm land holding over two titles
Diversified income stream with student accommodation, office, and retail components
Net Passing Income: $1,593,180 pa + GST
Significant development upside due to CZ1 zoning and permitted uses
Located in Canberra's resilient market, underpinned by government stability and consistent economic growth