Savills News

API to sell Canberra Headquarters for the first time in 30 years

For the first time in 30 years, The Australian Property Institute (API) is selling its Canberra headquarters.

For the first time in 30 years, The Australian Property Institute (API) is selling its Canberra headquarters, but will continue to serve the Canberra property community and maintain a local presence.

According to exclusive selling agent, Nic Purdue, Director of Commercial Sales at Savills Australia, API’s decision to exit their property holding in Canberra is part of a wider corporate strategy to modernise the Institute and allocate capital to other parts of the business to better serve their members.

The two level office building features a two-level atrium with vaulted ceiling and existing fit-out and sits on a 611sq m site with a total Net Lettable Area of 523sq m.

Located at 6 Campion Street, the property sits within the Inner-South office market of Deakin, home to a number of industry associations, medical companies and hi-tech business parks. The property offers two car spaces and is zoned CZ2- Business Zone.

The location is close to both Calvary John James and Canberra Hospital/National Capital Private, as well as the Equinox Business Park.

Mr Purdue said the Deakin office market is dominated by unit titled buildings and it is rare to find single-title buildings for sale.

“This property would be an ideal corporate headquarters for a small business or a repositioning play for an investor,” he continued.

6 Campion Street is being sold through Savills Australia via Expressions of Interest closing Thursday 4 July 2019.

Learn more about Savills City Sales services.

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