Suburban Canberra office collects $18.75m

The Capital Centre at 2-6 Shea Street.

Capital Holdings Group has sold a modern office reportedly at Canberra’s geographic centre.

The c2010 Capital Centre at 2-6 Shea Street, Phillip, is trading for $18.75 million.

The property contains 132 car parks, some undercover.

It contains 4776 square metres of A-grade area over two floors.

The block, at the south west corner Athllon Drive, also has two crossovers and car park zones.

There’s more parking in a basement – 132 spots all up – and storage.

The building is 9B Education certified.

It is a block south of Woden Town Centre where Zapari is proposing two 16-level apartment buildings.

Colliers International’s Matthew Winter sold 2-6 Shea St after a private investor made an unsolicited off-market offer.

“This is the first time the property has changed hands since it was built,” the agent said (story continues below).

Unprecedented demand for Canberra this year: agent

Phillip is a major commercial hub about 10 kilometres south west of Parliament House.

“With over half the passing income secured by the commonwealth government until 2027 and the property having a strong history of occupation by government and private tenants, it offered an attractive investment opportunity,” according to Mr Winter.

“The final result is reflective of the interest being shown in our commercial precincts and town centres,” the executive said.

“Properties in areas like Woden and Fyshwick have been amongst the first to come onto the market this year and with all the fundamentals in place in Canberra, we are experiencing intense demand for investment opportunities in the ACT.

“During 2020, there were unprecedented levels of enquiry from domestic and offshore sources seeking top-tier, long WALE investments in Canberra.

“These…buyers will generate significant competition for properties released to the market in 2021”.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of