A royal opportunity: Dickson's Dame Pattie Menzies House for sale

“There is nothing like a dame,” according to the Rodgers and Hammerstein classic from the musical South Pacific.

While the gender slang may have become outdated, there can be no doubt there is nothing like the Dame Pattie Menzies House in Dickson.

This building dominates the eastern side of Challis Street and offers exciting potential, according to Colliers International director Matthew Winter.

“This 6909-square-metre property holds a NABERS energy rating of 5.5 stars and has undergone numerous capital expenditure upgrades to present a well-maintained commercial asset,” he says.

Dame Pattie Menzies House is fully tenanted by an AAA-rated government tenant with an annual rental income of nearly $2.9 million.

“Demand for quality office space in the ACT is strong and this is also an excellent opportunity for new owners to refurbish and reposition this asset,” Winter says.

“The site is also zoned for commercial and residential accommodation use, allowing the successful purchaser to unlock further value through redevelopment.”

The Colliers International director notes the current Crown lease does not stipulate a maximum gross floor area for residential and commercial accommodation purposes.

“This property will attract a wide mix of interested parties due to its flexible purpose clause and strong investment characteristics,” he says.

Another strong “buy” signal comes the DKSN development opposite and proximity to the light rail and bus interchange.

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Agent: Colliers International, Matthew Winter 0432 344 684

Expressions of interest: close 3pm, March 24