This is a prime opportunity to get a foothold on a significant land holding in one of Canberra's most central and established commercial precincts. Forming part of the well known East Lake Precinct, the largely regular shaped site provides developers, investors and land bankers significant holding income whilst the planning outcomes of the precinct are determined by the East Lake Place Planning Project.

As stated by the Department of Environment, Planning and Sustainable Directorate, the primary objective of this Planning Project is to finalise the planning for the East Lake precinct in collaboration with the community and key stakeholders to guide future urban renewal and regeneration, land release, housing, sustainable development and infrastructure**.

The key fundamentals of the site include:
• Significant site area of 30,400sqm approx
• Current Net Income $1,169,349 +GST pa*
• Existing building area of 6,382 sqm*
• Grossly underdeveloped with permitted GFA of 25,000 sqm
• Mildura Street frontage of 193 metres
• Blue Chip tenant profile including ASX listed companies

Offering flexibility, security, uplift and holding income, this is an opportunity that does not present to the market often in Canberra, particularly in a location such as this. The property is For Sale by Expressions of Interest and we encourage investors, developers and any other interested parties to inspect.

*Approximate
**East Lake Plan (Part 01)