9 Brisbane Ave, Canberra

Acquisition Price
$60.5m

Acquisition Date
2021

Building Size
10,252sqm

Vehicle
Private Capital

9 Brisbane Avenue, Barton, commonly known as Lawley House or Barton College, is well-positioned in the heart of Barton, Canberra’s most tightly held office market and within 3 km of the Central Business District (CBD).

Barton and the adjoining commercial area of Forrest is well regarded as Canberra’s parliamentary office precinct and is dominated by government tenanted office buildings.  The asset is a 3-storey purpose-built training facility occupied by the Australian Federal Police on a long-term lease and consists of 10,252 sqm of net lettable area which is broken down into 117 residential rooms and approximately 3,900sqm of office accommodation.

The asset presents a stable income stream and potential uplift and expansion into the future through Marprop’s active asset management strategy.