20-22 Purdue Street, Belconnen, ACT 2617 | Commercial for sale | OnTheHouse
 
FOR SALE
For Sale by EOI Closing 5pm Wed 22 July 2026

20-22 Purdue Street
Belconnen ACT 2617

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 515m2
Land area: 919m2
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Invest or Occupy in Belconnen Town Centre

Raine & Horne Commercial Canberra are pleased to present 20-22 Purdue Street, Belconnen, for sale by Expression of Interest. Positioned centrally within the area known as Belconnen Service Trades Precinct, 20-22 Purdue Street presents an outstanding opportunity for investors and owner-occupiers alike.
20-22 Purdue Street occupies a central position within one of Canberra's most established and rapidly evolving commercial precincts, just a short walk from Westfield Belconnen, bulky goods retailers including Officeworks, Bunnings and BCF, government department offices, Lake Ginninderra and numerous existing and proposed residential developments.
Situated on a rectangular-shaped parcel of land, the property comprises a freestanding, single-level commercial building with a total lettable area of approximately 515sqm together with on-grade parking for approximately 12 vehicles. The building benefits from dual vehicle access and egress points via both Purdue Street and Gillott Street, providing excellent convenience for occupiers and visitors. The Crown Lease permits a broad range of commercial uses, including personal services, offices, veterinary hospital, veterinary clinic, manufacturing and business agency.
The property was built in circa 1987 and is of brick construction comprising full heigh glazed shopfronts with fitout comprising a mix of carpet floor coverings, grid ceiling with recessed lighting and plasterboard partition walls. Each unit is individually air-conditioned with ducted air flow through the ceilings. The property is configured in a versatile configuration with multiple entry doors and amenities, providing the ability to split/merge tenancies to meet occupier demand.
TENANCY SUMMARY
Currently, the property is configured as 6 tenancies, with four of them being leased in one line to Belconnen Physiotherapy and the other two leased to Early Sunshine Family Day Care and Hydro Algorithmics, however all leases have either expired, are due to expire shortly or have never been executed.
Units 1-3 are leased to Belconnen Physiotherapy expiring on 31 July 2026. While the lease includes two further 5-year options, and it's understood that the tenant wishes to continue in occupation, they have not provided notice to exercise the upcoming option (which, under the lease terms, must be served between 6 and 12 months prior to expiry). Unit 4 is also leased to Belconnen Physiotherapy, however the draft lease was never executed. Unit 5 is leased to Early Sunshine Family Day Care as office premises, however the draft lease was never executed. Unit 6 is leased to Hydro Algorithmics as office premises which expired in Dec 2025 and they are currently holding over on a month-to-month basis.
This subsequently presents an opportunity for a purchaser to occupy 100% of the property by giving the sitting tenants the required notice to vacate, should it be desired. Purchasers can benefit from secure income in the short-term while unlocking future owner-occupier potential, with the ability to occupy part or all of the building. Alternatively, investors can renegotiate the leases with the tenants to secure a longer-term income-generating asset. This combination of immediate cash flow and long-term upside is seldom available in such a well-connected location, surrounded by a range of established amenities.
FINANCIAL SUMMARY
• Passing Gross Rent: $167,758
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Property Details for 20-22 Purdue St, Belconnen

Building Type
Commercial
Floor Size
515m2
Land Size
919m2
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About Belconnen 2617

The size of Belconnen is approximately 4.4 square kilometres. There are 6 parks, covering nearly 26.3% of the total area. The population of Belconnen in 2016 was 6657 people. By 2021 the population was 8502 showing a population growth of 27.7% in the area during that time. The predominant age group in Belconnen is 20-29 years. Households in Belconnen are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Belconnen work in a professional occupation.In 2021, 32.50% of the homes in Belconnen were owner-occupied compared with 29.20% in 2016.

Belconnen has 6,269 properties. Over the last 5 years, Houses in Belconnen have seen a 1.80% increase in median value, while Units have seen a 15.32% increase. As at 31 July 2026:

  • The median value for Houses in Belconnen is $598,129 while the median value for Units is $497,826.
  • Houses have a median rent of $580 while Units have a median rent of $565.
There are currently 59 properties listed for sale, and 63 properties listed for rent in Belconnen on OnTheHouse. According to Cotality's data, 257 properties were sold in the past 12 months in Belconnen.

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Mark Nicholls
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