37/23 Challis Street, Dickson, ACT 2602 | Commercial for sale | OnTheHouse
 
FOR SALE
EOI closing Wed 25th March 2026

37/23 Challis Street
Dickson ACT 2602

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 478m2
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HIGH-QUALITY PASSIVE COMMERCIAL INVESTMENT

Raine & Horne Commercial Canberra are pleased to exclusively offer an entire floor (Level 3) of DKSN's 'south tower' for sale by Expression of Interest closing Wednesday, 25th March 2026. 37/23 Challis Street offers a high-quality passive commercial office investment within the award-winning DKSN mixed-use precinct in Dickson, ACT.
LOCATION
Dickson is one of Canberra's most established and vibrant inner-north group centres, combining strong commercial activity with a thriving lifestyle precinct approximately only 3km to Canberra CBD with direct access to major arterial roads, excellent public transport and cycling infrastructure and situated on the light rail route linking Canberra CBD (Civic) and Gungahlin Town Centre.
Dickson's location provides businesses with immediate access to Canberra's government, corporate and professional services ecosystem. The suburb draws from established professionals and public servants, inner-city apartment residents, students from nearby institutions, young families and long-term residents. This diverse demographic supports a stable commercial environment with sustained demand for professional office accommodation.
THE DKSN PRECINCT
Developed by esteemed developers Doma and Englobo, DKSN is a vibrant, master-planned mixed-use precinct in the heart of Dickson and positioned directly on the rail stop and bus interchange of Northbourne Avenue. DKSN is home to a diverse mix of commercial, retail and residential occupiers, including Wonderschool Childcare Centre, Canberra Imaging Group, Dickson Medical & Travel Clinic, a state-of-the-art office government office building, Club Lime & Ground Up Wellness Centre, a number of professional offices, retail shops, 'Eat Street' - a vibrant food and beverage laneway destination - and 307 residential apartments. This integrated mix of uses creates strong daily foot traffic and a dynamic working environment, reinforcing tenant demand and long-term investment appeal.
THE INVESTMENT OPPORTUNITY
Positioned on Level 3 of DKSN's 'south tower', Unit 37 is a 478sqm entire floor strata unit, with 7 allocated secure basement carparks on title, benefitting from a range of permitted uses including community use, office, health facility, recreation, shop, restaurant and more. The property is fully leased to two established tenants under NET lease structures, providing strong income security with minimal landlord outgoings. The dual-tenancy configuration enhances income diversification, while both tenants' responsibility for statutory outgoings ensures a clean NET return to the owner.
TENANCY BREAKDOWN
Area A - 236sqm:
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Property Details for 37/23 Challis St, Dickson

Building Type
Commercial
Floor Size
478m2
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About Dickson 2602

The size of Dickson is approximately 1.6 square kilometres. It has 4 parks covering nearly 19.5% of total area. The population of Dickson in 2016 was 2149 people. By 2021 the population was 3292 showing a population growth of 53.2% in the area during that time. The predominant age group in Dickson is 20-29 years. Households in Dickson are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dickson work in a professional occupation.In 2021, 52.70% of the homes in Dickson were owner-occupied compared with 46.00% in 2016.

Dickson has 3,123 properties. Over the last 5 years, Houses in Dickson have seen a 25.56% increase in median value, while Units have seen a 35.95% increase. As at 31 January 2026:

  • The median value for Houses in Dickson is $1,195,007 while the median value for Units is $612,933.
  • Houses have a median rent of $650 while Units have a median rent of $640.
There are currently 33 properties listed for sale, and 25 properties listed for rent in Dickson on OnTheHouse. According to Cotality's data, 155 properties were sold in the past 12 months in Dickson.

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Mark Nicholls
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Raine & Horne Commercial Canberra
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