Prominently located fronting Barry Drive on the north western fringe of the CBD, 7-11 Barry Drive enjoys excellent exposure to passing traffic each day and is only a short stroll to all of the CBD's amenities including the Canberra Centre.
7-11 Barry Drive is situated 500 metres from Canberra's CBD on the corner of Moore Street and Barry Drive, the major road feeding the CBD from North Canberra and Belconnen. This unique office asset offers the astute investor the perfect opportunity to acquire an affordable well positioned and leased asset anchored by one leading Australia's leading Universities.
The building has enjoyed a long history of institutional grade tenants due to its convenient CBD fringe location, proximity to the ANU, public transport and high carparking ratio ensuring its high leasing performance since the building was constructed in 1987.
Key Features:
Net annual rent - c. $1.07 million p.a. (when fully leased)
3-year WALE
90% occupied, anchored by the Australian National University
2,251m2 modern office space
Major building refurbishment in 2014
Two levels of office accommodation
Flexible floor plates to suit large and smaller tenants alike
High signage exposure to the CBD and Barry Drive
Over 3 car parking spaces per 100m2
Large site of 2,562m2
Great future redevelopment site (subject to planning approval)
Canberra's CBD is changing. The ACT Government, in conjunction with the City Renewal Authority, is beginning work on 'once in a generation' redevelopment of the CBD and wider region, from City Hill to the Convention Centre Precinct.
As urban consolidation continues, the CBD must continue to grow north, which presents an extraordinary opportunity for redevelopment into the future.
