Commercial property investors are a little like time travellers – every investment is a leap into the ether where their future returns lie.
Over time, the canny investor develops a sixth sense as to what type of investment is most likely to meet their template for success. This two-storey office building in Bruce may well trigger the “go-for-it” green lights.
First, the big numbers: it sits on a massive 5574 square metres of landscaped grounds and offers nearly 1500 square metres of lettable space.
Inside, there are open-plan workstations, offices and meeting rooms, a spacious kitchen, breakout space and restrooms. There are also 65 on-grade car bays.
The NABERS 4-star energy-rated building is approved for a wide range of uses, including biological, medical, and paramedical goods.
Nathan Dunn of Knight Frank Canberra says the property represents a timely opportunity to stake a place in Bruce.
“It’s set to become the future home of our second major hospital precinct,” he says. “That’s likely to lead to a surge in demand within the medical and allied health sectors.”
Dunn says interest is expected from within investor and medical groups, as well as owner-occupiers.
“The building offers opportunities for a range of future tenant businesses or consulting rooms,” he says.
The big block also promises future potential for residential or commercial redevelopment.