100% Australian Government Leased Investment

38 Thynne Street, Bruce ACT

Property Highlights

65 Car Spaces
Fully Leased to Commonwealth Tenant
Stand Alone Building
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Burgess Rawson are delighted to exclusively offer for Sale by Auction this outstanding investment fully leased to The Australian Centre for International Agricultural Research (ACIAR).

ACIAR House is a high quality standalone two storey office building, originally constructed in 1996 on a substantial 5,574 sqm corner block location fronting Traegar Circuit and Thynne Street, Bruce ACT.

This is a quality investment with a rare net lease to a major Commonwealth Government agency. The property was substantially refurbished in 2015 including air conditioning upgrades and re-carpeting. The base building lighting has also recently been upgraded to LED fittings. The property enjoys a 4.0 Star NABERS rating and features a generous onsite car park with 65 spaces, external lighting, landscaping and a bike cage.

The internal office fit out comes complete with full furnishing, open plan areas, individual offices, meeting rooms, one lift (750kg), large kitchen/breakout space and amenities.
The large landholding supported by a mixed use zoning provides substantial future redevelopment potential.

Fern Hill Technology park has grown into a mixed use precinct featuring both residential and office accommodation. On-grade parking currently for 65 vehicles, external lighting, landscaping and a bike cage. Located in the Northern Canberra suburb of Bruce, the nearby Belconnen district has a population of 96,049. It is 7km from the Canberra CBD, 3km from Belconnen town centre, Close proximity to AIS, UC, Calvary Hospital and the ANU.

ACIAR are a statutory authority within the Department of Foreign Affairs and Trade (DFAT).

Purpose clause
The premises can only be used for one or more of the following:
– Electronic and micro-electronic systems
– Computer software and hardware
– Instrumentation and instruments
– Electronic communication and telecommunication systems and goods
– Biological medical and/or paramedical goods or;
– Other goods intended for use in science and technology


+ Block size – 5,574sqm
+ Land zone use – CZ5 mixed use
+ NLA – 1,485sqm
+ 4 star NABERS energy rating
+ Lessee: ACIAR
+ Lease Term: 12 years
+ Lease Commencement: 1st August 2013
+ Lease Expiry: 31st July 2025
+ Options: 1 x 5 years
+ Annual Increases of 3%
+ Market review every five years.
+ Future potential residential redevelopment

Net income $560,597.00 pa + GST

To be sold by Investment Portfolio Auction:
11:00am AEDT
Tuesday 14 December 2021
Yallamundi Rooms, Opera House, Sydney

Property Details

Land Size
5,574 SQM
Building Area
1,485 SQM

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