43-49 Geils Court
Deakin, ACT 2600

Overview

Immaculate, 100% leased, Deakin Property for Sale - $484,747 Annual net Rent

Situated at the prominent corner of Geils Court and Denison Street in Deakin, this property stands as one of West Deakin's most distinguished office buildings. The West Deakin office precinct offers excellent accessibility, being just a five-minute drive from the Canberra CBD, ten minutes from the airport, and close to key locations such as the Parliamentary Triangle, Barton, Manuka, and Woden Town Centre. This precinct is favored by medical, information technology, and other professional office users.

This commercial asset comprises a standalone building with a net lettable area of approximately 1,626 square meters, positioned on a substantial land parcel of 2,004 square meters. The property is surrounded by meticulously landscaped and maintained gardens, enhancing its appeal and street presence.

Currently, the building is fully leased to three high-quality office tenants, each with strong lease covenants, providing a stable and reliable long-term income stream. This is the first time the property has been offered for sale in over 15 years, presenting a rare investment opportunity in a sought-after commercial precinct.

Key features of the property include:

• An approximate annual net rental income of $484,747.
• A well-maintained, modern building constructed in the early 1990s.
• Excellent exposure on the prominent Denison Street corner.
• A well-established tenancy profile with quality fitouts throughout.
• Beautifully maintained gardens and outdoor courtyard areas that contribute to the property's professional environment.
• Provision of 14 basement car parks and 6 on-grade car parks, a rare amenity in the Deakin area.
• Two basement storage areas to support tenant needs.
• Proximity to the proposed Light Rail stop, enhancing future accessibility.
• A 3 Star NABERS Energy Rating, reflecting the building's energy efficiency.

This property represents an exceptional opportunity for investors seeking a fully leased commercial asset in one of Canberra's most popular office precincts, combining strong income potential with a prime location and quality facilities.

Location