Whole Building , 101 Northbourne Avenue, Turner ACT 2612

Income now, development upside later, on Canberra's main gateway boulevard.

101 Northbourne Avenue, Turner is a three-level office building with under-croft parking for 41 vehicles. It sits on Canberra's main northern gateway, directly opposite Braddon, a short walk from the CBD and next to the light rail.

3-star NABERS Energy for offices rating

The building has nine smaller tenancies, so the income doesn't depend on any one occupier. The short WALE gives an incoming owner room to choose. They can actively manage the leasing and hold the property as a long-term office investment. Or they can collect income from the existing tenancies while seeking planning approval to redevelop. Subject to approvals, a redevelopment could reach about nine levels on this well-exposed Northbourne Avenue site.

Key features:

* Three-level office building plus under-croft car park

* Net lettable area of approx. 1,307.8m² (per Crown Lease)

* 41 on-site car parks (3.1 per 100m²)

* Nine tenancies giving a diversified income stream

* Estimated fully leased gross passing income: $608,417 pa + GST*

* Estimated fully leased net income: $351,740 pa*

* WALE of approx. 1.0 year

* New Schindler passenger lift and recently upgraded upper-level foyers

* Central plant air-conditioning

* Block 4, Section 43, Turner; Crown Lease to 2098

* Light rail at the door, short walk to Civic and Braddon

Method of sale: Expressions of Interest closing 4:00pm Thursday 26 November 2026 (AEDT).

Contact the exclusive agents at Ray White Commercial Canberra for an Information Memorandum or to arrange an inspection.

*Estimates only. Interested parties should make their own enquiries.

Remember to mention you found this property on DevelopmentReady