Investment Asset with 12 year lease to Commonwealth of Australia and residential redevelopment potential
Lawley House is located on the corner of the Lakeside Boulevard, Bowen Drive in the suburb of Barton, in what is commonly regarded as the Parliamentary Precinct of Canberra.
This ex-government hostel was constructed in 1948 and is predominantly built with brick walls, timber floors and a terracotta tiled roof. The property was comprehensively refurbished in the late 1990's.
The building is currently utilised as a training facility and provides 117 rooms all having en-suite bathrooms, a full gymnasium, library, dining room, reception and educational areas.
??This educational facility is leased to the Commonwealth until June 2022 with a 5 year option
??The lease is double net at $2.75 Million pa ex GST with structured 4% reviews from 2012
??Massive 14,710sqm. site adjacent to beautiful parkland facing Lake Burley Griffin
??Partially already zoned residential with obvious potential for medium/high rise residential development, this opportunity is of significant scale suitable to a major developer
??It is equally suitable to an investor seeking blue chip income with an assured exit strategy
Lot/Plan No: CANB/BART/19/6/ 翻译中文