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Savills - Sydney CBD
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Office Works Braddon, 30 Mort Street Braddon, ACT 2612

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For Sale - Expression of Interest

Office Works Braddon, 30 Mort Street Braddon, ACT 2612

Shop & Retail
Sale Price

Expression of Interest

Land area

1530.0m²

Floor area

1479.0m²

Car spaces

65

Parking info

Basement parking for 65 vehicles

Property extent

Whole

Zoning

CZ3

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$719,141
Number of Tenants
2 Tenants
Tenants / Type
Officeworks

Prime Canberra CBD Retail Asset

  • Significant 1,530sq m approx. site
  • Ideal CZ3 zoning
  • Basement parking for 65 cars

The proposed sale of 30 Mort Street provides investors with the chance to secure a high-profile retail property leased to Officeworks, with the potential for multiple value-add strategies.

Designed and constructed to suit large format retail tenants, the building incorporates high-clearance showroom space, mezzanine office area currently used for staff amenity and roller door access to a loading dock with elevator access to basement levels. Added convenience of 65 basement car spaces further enhances the appeal of 30 Mort Street.

Officeworks has been in occupation for 11 years and has a current lease option for a further 5 years.

Braddon has undergone an evolution and is now the prime example for urban renewal in Canberra that all other areas are following. A number of premium residential developments have been completed recently, with many more to be added to the Braddon skyline over the next 2 years. The retail catchment for 30 Mort Street incorporates the Canberra CBD and most of the Inner-North, including an estimated workforce of 38,500 people and 736,521sqm of commercial office space.

The property offers multiple strategies to increase value through exercise of the current option, re-lease campaign to a wide market or redevelopment of the site. The CZ3 zoning provides the ideal overlay to encourage flexible and diverse redevelopment options, including office and residential (subject to planning).

Opportunities to acquire the right combination of land and quality buildings in Braddon are extremely rare and demonstrate the tightly-held nature of this precinct.

Property ID: 503007078Last Updated: 16 Jan 2019

Savills - Sydney CBD
Office Works Braddon, 30 Mort Street
Braddon, ACT 2612
Steven Lerche

Savills - Sydney CBD

Level 25, 1 Farrer Place
SYDNEY, NSW 2000

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Savills - Sydney CBD

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Savills - Sydney CBD

Level 25, 1 Farrer Place
SYDNEY, NSW 2000
Savills - Canberra

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Savills - Canberra

Suite 1, Level 7, 54 Marcus Clarke Street
CITY, ACT 2601
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Steven Lerche

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Steven Lerche
Savills - Sydney CBD
Office Works Braddon, 30 Mort Street Braddon, ACT 2612

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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