Introduction

BMR Commercial, on behalf of our vendors, are delighted to be offering for sale 219 London Circuit Canberra. Known as CCG House, this property provides a rare opportunity to secure a stand-alone building within the Canberra CBD. The opportunity for owner occupiers/investors to refurbish the property is enhanced due to the highly strategic position of the property.

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Executive Summary

Property; CCG House

Address: 219 London Circuit, Canberra City,2601

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Description

CCG House was constructed in the 1980's and is a freestanding 5 level (including basement and rooftop plantroom) standalone building situated on a land parcel of 550m2** plus counter levered area of 195m2** over Rabaul Lane.

** Areas are approximate

The combined blocks total 777 m2 or thereabouts Blocks 5,6,7 Section 12 CITY

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Location

219 London Circuit is located within one of the most active commercial development precincts within the CBD. Recent projects in the area include the Meriton Hotel, Highgate apartments, The award-winning Constitution Place precinct housing ACT Government staff, 221 London Circuit refurbishment program along with the recently commenced multi story parking station which is immediately adjacent to CCG house.

 

 

Car Parking

15 secure basement parking spaces plus 2 on grade

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NABERS RATING

0.0 star NABERS Energy rating

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Title Details

Crown Lease commenced 19 September 1979 terminating in 99 years (2078) 

Site Area 777 m2 or thereabouts Blocks 5,6,7 Section 12 CITY Title Details City Section 12 Block 5 on Deposited Plan 4911 City Section 12 Block 6 on Deposited Plan 4911 City Section 12 Block 7 on Deposited Plan 5086*

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Gross floor Area: The Gross floor Area shall not exceed 2,207m2

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Permitted uses:

To use the premises only for the purpose of any one or more of the following:

Commercial offices, restaurants, banks, retail shops, clubs, a tavern, commercial recreation facilities, public

entertainment facilities, personal and commercial services and agencies PROVIDED THAT -

(i) the plaza level be used only for any one or more of the following: personal and commercial services

and agencies, restaurants, banks and retail shops; and

(ii) * Block 7 will be used only for the purpose of access;

 

Crown Lease Amendment 2021

An amendment to the crown lease was approved in 2021 to allow the following

 In addition to the permitted uses above and additional use of Drink Establishment (on the plaza level only) was approved. Section 3(a) (1) The plaza level be used only for any one or more of the following: drink establishment limited to a maximum gross floor area of 300 square metres,

PROVIDED ALLWAYS THAT from 7am to 10pm, the noise levels from the use of the plaza level of the premises for drink establishment, measured for the boundary of the nearest effected residence, shall be of no greater than 55 decibels and, from 10pm to 7 am, the noise levels measured to the boundary of the nearest effected residence, shall be no greater than 45 decibels:

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Land Zone: CZ1: CORE ZONE Overlays: S: Special Requirements apply under N.C.P.

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CZ1 – Core Zone - Zone Objectives *

a) Encourage a mix of predominantly commercial land uses that contribute to a diverse and active character b) Provide for a range of conveniently located retail and service outlets c) Promote vibrant, interesting and lively street frontages including during evenings and weekends d) Encourage an attractive, safe pedestrian environment with ready access to public transport e) Maintain and enhance a high standard of urban design through use of sustainable design and materials and ensure that buildings retain a high level of design consistency and compatibility f) Provide opportunities for business investment and employment g) Maintain and enhance environmental amenity h) Promote the establishment of cultural and community identity that is representative of, and appropriate to, the place * Source ACT Government

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