Retail

The Pavilion, 44 Constitution Avenue, Parkes

44 Constitution Ave Parkes, ACT Australia 2600
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Gross
Land Area Gross ()

Property description

JLL is proud to present 'The Pavilion' 44 Constitution Avenue, Parkes for sale via private treaty.

 

Originally known as West Portal Cafeteria The Pavilion presents buyers with an opportunity to bring to life an iconic Canberra building as a vibrant hospitality venue, health practice or to create a character filled office.

 

The Pavilion is a free standing building situated alongside 'The Griffin', a premium mixed use development precinct. Originally built in 1969 to service the local federal government departments it has since been heritage listed due to its unique architectural features and significance to the Canberra landscape.

 

A building like this would suit an experienced hospitality operator looking to create a destination dining experience, or office users looking to reposition their business and take advantage of this highly desirable, one-of-a-kind building. 

Investment highlights

  • Large 535sqm of floor area with 490sqm of external subsidiary title and ten secure carparks
  • Prominent location in the Parliamentary Triangle and within the high socioeconomic area of Canberra’s Inner North,
  • High exposure to passing traffic on Parkes Way and foot traffic from Commonwealth Park and the Lake
  • Character filled boutique building offered vacant possession
  • Allowable uses include restaurant, office, indoor rec, health facility and any other use permitted under the National Capital Plan
  • Currently fitted out to a high end sales suite that can easily be converted
  • Central to a large amount of new development including The Griffin, Anzac Park East, as well as existing Campbell 5 precinct.
  • Walking distance to the future University of NSW Campus to house 6,000 students
  • Easy access to CBD and Russell Defence precincts via Constitution Avenue


For sale by Expressions of Interest Closing 4pm Thursday November 4

Last Updated Date: 20 Oct 2021
Mitch Frail
Mitch Frail
Senior Executive, Capital Markets

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Last Updated Date: 20 Oct 2021

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