OFF MARKET

2/151 Cowper Street
Dickson ACT 2602

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2267m2
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Property Details for 2/151 Cowper St, Dickson

Building Type
Commercial
Land Size
2267m2
Local Government
Canberra Central
Lot/Plan
DICKSON: Block 29, Section 30, Unit 2

Last Listing description (November 2023)

JLL is pleased to present Units 2&3, 151 Cowper Street in Dickson to the market for sale by Expressions of Interest.

Units 2&3, 151 Cowper Street are located in the Dickson Park Professional Centre on the corner of Antill and Cowper Streets. This strata-titled building is made up of just 10 commercial and medical units and an excellent mix of medical professionals.Totalling 261 sqm part of unit 2 and unit 3 are currently leased to Dickson Medical Practice until 1 May 2024 + a one-year option providing a prospective owner with a guaranteed income stream before occupying the premises. The remaining 41 sqm of unit 2 is currently vacant allowing for a potential value upswing. With the ability to be sold individually or in one line, units 2&3 151 Cowper Street present an excellent opportunity for an occupier to secure their long-term future in Dickson or an investor looking to reposition and add value to an affordable medical asset.

The bustling Inner North Suburb of Dickson is one of Canberra's busiest and most connected Town Centres. Comprising of a Woolworths and Coles supermarket, Canberra's "China Town" on Woolley Street, fast-food retailers, local businesses and medical providers. This is a perfect opportunity to secure the long-term future of your business.

Dickson is undergoing a generational change with a new bus interchange, close to 500 apartments, and 20,000 sqm of commercial office recently completed or under construction, this has made the Dickson Town Centre a true retail and commercial hub of Canberra.

Units 2&3 totalling 261sqm to be sold individually or in one line
Short-term secure income to long-standing medical practice
Occupy or Invest in the only medical units available for purchase in Dickson
Part unit 2 and unit 3 (219.5sqm) leased to Dickson General Practice until May 2024 + 1-year option
Part of unit 2 (41.5sqm) is currently vacant
The purpose clause allows for medical and office uses
Stamp Duty Exempt Sale
8 parking spaces allocated to the units
Potential fully leased gross income $153,180 pa* + GST
Net passing income as of 1 May 2023: $85,773 pa* + GST

For sale Via Expressions of Interest closing 4pm Thursday 27 April 2023

*Approx

Property History for 2/151 Cowper St, Dickson, ACT 2602

A timeline of how this property has performed in the market
Last Sold
$250,000
20 Nov 2006
  • 24 Mar 2023
    Listed for Sale For Sale by Expression of Interest
  • 20 Nov 2006
    Sold for $250,000
  • 24 Oct 2001
    Sold for $308,000
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About Dickson 2602

The size of Dickson is approximately 1.6 square kilometres. It has 4 parks covering nearly 19.5% of total area. The population of Dickson in 2011 was 2,138 people. By 2016 the population was 2,141 showing a population growth of 0.1% in the area during that time. The predominant age group in Dickson is 20-29 years. Households in Dickson are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dickson work in a professional occupation. In 2011, 50.7% of the homes in Dickson were owner-occupied compared with 46% in 2016.

Dickson has 2,788 properties. Over the last 5 years, Houses in Dickson have seen a 32.56% increase in median value, while Units have seen a 50.42% increase. As at 31 July 2024:

  • The median value for Houses in Dickson is $1,099,673 while the median value for Units is $587,377.
  • Houses have a median rent of $670 while Units have a median rent of $620.
There are currently 23 properties listed for sale, and 26 properties listed for rent in Dickson on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Dickson.

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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.