OVERVIEW

Cushman & Wakefield 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

*approximately

In conjunction with Colliers

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