Cushman & Wakefield and Colliers are pleased to present for sale West Block, 21 Queen Victoria Terrace, Parkes – a revitalised icon in Canberra’s prestigious Parliamentary Precinct. Key Investment Highlights: - Secure, Long-term Investment – Leased to the AAA-rated Commonwealth Government for 11.0 years* (from October 2024), providing stable, low-risk income with minimal capital expenditure requirements. - 100% Commonwealth-Leased – Unique opportunity to secure a Parliamentary tenanted asset, a fully leased to the Department of Parliamentary Services providing a commencing net income of $4.34 million* per annum. - Prime Parliamentary Location – Positioned on a 1.7-hectare* island site within the Parliamentary Precinct, just 400m* from Parliament House, offering unparalleled proximity to Australia’s political and administrative core. - Fully refurbished asset of national significance – Over $45 million* invested in refurbishing this iconic Art Deco building that was once the Prime Minister office, including upgraded mechanical and electrical systems, premium end-of-trip facilities, targeting 5-star NABERS rating. - Development Potential – Development approval for a 690* sqm free-standing pavilion, allowing tenant expansion, with further potential for additional structures. A 100% interest in West Block, 21 Queen Victoria Terrace, Parkes is available through Expressions of Interest, closing Thursday 14 November 2024 at 12pm (AEDT). Cushman & Wakefield Daniel Wolman | 0412 957 839 Oliver Hay | 0419 528 540 Colliers Matthew Winter | 0432 344 684 Alex McColl | 0466 620 828 Paul Powderly | 0413 122 877 *approximately
Cushman & Wakefield - Melbourne
Level 9, 385 Bourke Street, Melbourne, Vic
Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street, Sydney, NSW
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