OFF MARKET

7 King George Terrace
Parkes ACT 2600

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1726m2
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Property Details for 7 King George Tce, Parkes

Building Type
Commercial
Land Size
1726m2
Local Government
Canberra Central
Lot/Plan
PARKES: Block 5, Section 34

Last Listing description (May 2018)

On behalf of the Commonwealth, the National Capital Authority is seeking Expression of Interests to purchase The Lobby.
The property is located within the Parliamentary Zone and has a brand name that is widely recognised and valued. The Lobby built in 1968 is an elegant architecturally designed pavilion overlooking the National Rose Gardens that has a rich history associated with Old Parliament House.
The Lobby restaurant building is approx. 408 m2, external deck 47 m2 and Kiosk building 172 m2. Lobby dining capacity could accommodate 136 people.

The sale of The Lobby restaurant provides hospitality operators the opportunity to purchase one of Canberra s most well-known restaurants, caf s and function venues. It has hosted a range of political events, weddings, corporate functions and dinners over its lifetime.
The primary features of the offering are:
- Main building comprises of a 383m2 Restaurant / Function Centre with a large kitchen area
- The separate kiosk comprises of a cafe of 38m2 with a fully enclosed 134m2 balcony, with additional deck, toilets and outdoor seating area
- Site Area - 1726m2
- Floor to ceiling windows around main dining / function room
- Commercial kitchen infrastructure in place, including grease trap, exhaust, preparation zones and loading dock.
- Overlooking the National Rose Gardens
For sale by Expressions of Interest closing at 3pm on Thursday the 15th of March 2018.
Andrew Smith
Director, Commercial CIVIUM Property Group
M: 0409 600 471
E: andrew.smith@civium.com.au
Doug O Mara
Chief Executive Officer CIVIUM Property Group
M: 0412 485 181
E: doug.omara@civium.com.au

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Property History for 7 King George Tce, Parkes, ACT 2600

A timeline of how this property has performed in the market
  • 10 Feb 2018
    Listed for Sale EXPRESSIONS OF INTEREST

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About Parkes 2600

The size of Parkes is approximately 3.1 square kilometres. It has 10 parks covering nearly 38.3% of total area. The predominant age group in Parkes is 30-39 years..

Parkes has 63 properties. As at 30 September 2024:

  • The median value for Units in Parkes is $657,586.
There are currently 3 properties listed for sale, and no properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Parkes.

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