West Block/21 Queen Victoria Terrace Parkes ACT 2600

Cushman & Wakefield and Colliers are pleased to present for sale West Block, 21 Queen Victoria Terrace, Parkes a revitalised icon in Canberra's prestigious Parliamentary Precinct.

Key Investment Highlights:

- Secure, Long-term Investment Leased to the AAA-rated Commonwealth Government for 11.0 years* (from October 2024), providing stable, low-risk income with minimal capital expenditure requirements.

- 100% Commonwealth-Leased Unique opportunity to secure a Parliamentary tenanted asset, a fully leased to the Department of Parliamentary Services providing a commencing net income of $4.34 million* per annum.

- Prime Parliamentary Location Positioned on a 1.7-hectare* island site within the Parliamentary Precinct, just 400m* from Parliament House, offering unparalleled proximity to Australia's political and administrative core.

- Fully refurbished asset of national significance Over $45 million* invested in refurbishing this iconic Art Deco building that was once the Prime Minister office, including upgraded mechanical and electrical systems, premium end-of-trip facilities, targeting 5-star NABERS rating.

- Development Potential Development approval for a 690* sqm free-standing pavilion, allowing tenant expansion, with further potential for additional structures.

A 100% interest in West Block, 21 Queen Victoria Terrace, Parkes is available through Expressions of Interest, closing Thursday 14 November 2024 at 12pm (AEDT).

Cushman & Wakefield
Daniel Wolman | 0412 957 839
Oliver Hay | 0419 528 540

Colliers
Matthew Winter | 0432 344 684
Alex McColl | 0466 620 828
Paul Powderly | 0413 122 877

*approximately