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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
Remember to mention you found this property on CommercialReady
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
Remember to mention you found this property on CommercialReady
West Block, 21 Queen Victoria Terrace, Parkes, ACT, 2600
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
