OFF MARKET

4/3 Sydney Avenue
Barton ACT 2600

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Property Details for 4/3 Sydney Ave, Barton

Building Type
Commercial
Year Built
2011
Local Government
Canberra Central
Lot/Plan
BARTON: Block 1, Section 42, Unit 83

Last Listing description (October 2021)

Burgess Rawson are delighted to exclusively offer for Sale by Auction this superb investment leased to the multi Award Winning, Institutional Doma Group on a brand new 5 year Lease with 10 years of option.

4/3 Sydney Avenue is part of the Realm Precinct (which DOMA Built) in the busy 5 Star Hotel, Hospitality, Australian Government, Legal and Corporate Office area of Barton within the Parliamentary Triangle.

Barton is one of Canberra's most densely populated working precincts. There is over 320,000 sqm of office buildings to a workforce population of approximately 25,000 people with approximately 67% government workforce.

The Realm Precinct is a high quality large scale development containing some of Canberra's finest hotels, hatted restaurants and cafe's. The precinct is only meters away from large Government departments such as the Australian Department of Foreign Affairs and Trade, Prime Minister & Cabinet, Department of Human Services, Department of Finance, Attorney-General's Department as well as Corporates like Microsoft, industry associations, accountancy such as PWC, CBA Bank, legal firms Minter Ellison and Parliament House.

Doma is a Canberra based group who's inception began in 1974 employing over 350 staff nationally. Since then they have established themselves as a significant participant in all sectors of the property industry from multi-unit residential apartments, mixed use developments, commercial A-Grade Offices, award Winning Hotels, retail precincts and carparks. Doma is now recognised as one of the largest development and investment companies in the ACT and Australia as well as being one of the largest private hoteliers. Doma has recently expanded its presence across NSW with the Little National Hotel at Wynyard stations and numerous office and mixed use developments completed, under construction and in the pipeline for Newcastle and other states.

This exceptional asset with exquisite high end architecturally designed fitout worthy of a top Corporate office which provides a long-term investment for any keen investor.

Highlights Include:
- Institutional Group with 45+ Years Experience.
- New 5-year lease plus options to 2036
- 3.5% Fixed Annual Rental Increases
- Total Area: 335 sqm
- Major Australian Government workforce precinct (approx. 25,000 workers daily)
- Near new asset with depreciation benefits

Lessee: Doma Services Pty Limited
Lease Term: 5 Years
Lease Commencement: 1st August 2021
Lease Expiry: 31st July 2026
Options: 2 x 5 years

Net Income: $149,621 pa + GST

Property History for 4/3 Sydney Ave, Barton, ACT 2600

A timeline of how this property has performed in the market
Listed for Rent
$86k/w
01 Feb 2021
  • 25 Aug 2021
    Listed for Sale For Auction
  • 30 Mar 2020
    Listed for Rent $86,036 / week
  • 25 Apr 2015
    Listed for Rent - Price not available

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About Barton 2600

The size of Barton is approximately 2.1 square kilometres. It has 14 parks covering nearly 21.5% of total area. The population of Barton in 2011 was 1,186 people. By 2016 the population was 1,449 showing a population growth of 22.2% in the area during that time. The predominant age group in Barton is 30-39 years. Households in Barton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Barton work in a professional occupation. In 2011, 49.9% of the homes in Barton were owner-occupied compared with 46.1% in 2016.

Barton has 1,429 properties. Over the last 5 years, Houses in Barton have seen a 63.84% increase in median value, while Units have seen a 31.11% increase. As at 30 September 2024:

  • The median value for Houses in Barton is $4,653,427 while the median value for Units is $701,441.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 8 properties listed for sale, and 8 properties listed for rent in Barton on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Barton.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.