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Colliers are delighted to present for sale 221 London Circuit, an iconic 12-storey commercial office building plus new multi-storey car park asset, positioned on a total site area of 2,144m² in the heart of the Canberra’s CBD.
Consisting of a multi-tenant profile, WALE of 2.06* years by income and 2.97* years by area, the timeless office tower contains a total NLA of 7,389m²* whilst the overall investment delivers three diversified cashflows: office, retail and a strategic, brand new, 11-level car park.
Current building occupancy reflects 92.3%* and a projected fully leased income of $5,274,061 ex. GST* is weighted to office with a meaningful, counter cyclical parking component that is poised to benefit from CBD wide withdrawal of on-grade spaces and rising parking charges. Recent, vendor funded capex materially de-risks the asset (new lifts in progress, modern services, 60 kW solar), while a proven SME suite strategy underpins low downtime, a broad pool of prospective occupants and WALE extension potential.
The landmark multistorey car park commissioned in August 2025, with 285 car parks and 510m² of prime street front retail, reflects Molonglo’s commitment to delivering visionary projects that will continue to outperform within the Canberra CBD.
Presented exclusively by Colliers, 221 London Circuit is offered for sale via an Expressions of Interest campaign, closing 4pm (AEDT) Thursday 30th October 2025.
* Approximately, advised by the Vendor as at 15 September 2025
Remember to mention you found this property on CommercialReady
Colliers are delighted to present for sale 221 London Circuit, an iconic 12-storey commercial office building plus new multi-storey car park asset, positioned on a total site area of 2,144m² in the heart of the Canberra’s CBD.
Consisting of a multi-tenant profile, WALE of 2.06* years by income and 2.97* years by area, the timeless office tower contains a total NLA of 7,389m²* whilst the overall investment delivers three diversified cashflows: office, retail and a strategic, brand new, 11-level car park.
Current building occupancy reflects 92.3%* and a projected fully leased income of $5,274,061 ex. GST* is weighted to office with a meaningful, counter cyclical parking component that is poised to benefit from CBD wide withdrawal of on-grade spaces and rising parking charges. Recent, vendor funded capex materially de-risks the asset (new lifts in progress, modern services, 60 kW solar), while a proven SME suite strategy underpins low downtime, a broad pool of prospective occupants and WALE extension potential.
The landmark multistorey car park commissioned in August 2025, with 285 car parks and 510m² of prime street front retail, reflects Molonglo’s commitment to delivering visionary projects that will continue to outperform within the Canberra CBD.
Presented exclusively by Colliers, 221 London Circuit is offered for sale via an Expressions of Interest campaign, closing 4pm (AEDT) Thursday 30th October 2025.
* Approximately, advised by the Vendor as at 15 September 2025
Remember to mention you found this property on CommercialReady
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