59 Wentworth Avenue, Kingston, ACT 2604 | Commercial for sale | OnTheHouse
 
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59 Wentworth Avenue
Kingston ACT 2604

Bedrooms: -
Bathrooms: -
Car spaces: 24
Floor area: 940m2
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Blue Chip Commercial Investment

FOR SALE BY EOI CLOSING 26 MARCH 2026
Price guide of $6.7m (No GST)
Approximate net return of 6.7%
An exceptional opportunity is offered to secure Unit 8, 59 Wentworth Avenue, Kingston, a tightly held commercial strata asset comprising the entire second floor of approximately 940 sqm within one of the Kingston Foreshore's most respected office buildings.
Occupying a prominent corner position at the intersection of Wentworth Avenue and Cunningham Street, the building is an architecturally designed landmark originally developed by a collective of business owners seeking to create a high-quality, owner-occupied office environment for their own professional practices. Completed in 2009, the building was designed by the renowned Terry Ring & Associates, who continue to own and occupy space within the property, underscoring the enduring quality and pedigree of the development.
The investment is securely leased to Maxim Chartered Accountants, a long-established and highly reputable accounting and business advisory firm with over 25 years of successful operation in the Canberra market. The lease has approximately 5 years and 4 months remaining, expiring on 30 June 2031, together with two further 5-year option periods, providing strong long-term income security. The lease benefits from fixed annual rental increases of 3%, reviewed annually on 1 July.
From a financial perspective, the property offers a compelling income profile with a forecast net return for the FY26 financial year of $454,600 (ex GST), delivering a stable and passive investment underpinned by a blue-chip professional services tenant.
The unit is complemented by 24 secure basement car parking spaces, equating to an excellent parking ratio of approximately 2.55 spaces per 100 sqm, together with a 12 sqm basement storeroom. This level of on-site parking significantly enhances tenant appeal and long-term leasing performance within the Kingston Foreshore precinct.
Located within the vibrant Kingston Foreshore, the property enjoys immediate access to public transport, cafés, restaurants, and lifestyle amenities, while remaining in close proximity to the Parliamentary Triangle and Canberra CBD.
A rare opportunity to acquire a high-quality whole-floor office investment in a blue-chip inner-south location, supported by a proven tenant, strong lease structure, and excellent underlying fundamentals.
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Property Details for 59 Wentworth Ave, Kingston

Building Type
Commercial
Floor Size
940m2
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About Kingston 2604

The size of Kingston is approximately 1.4 square kilometres. There are 8 parks, covering nearly 8.1% of the total area. The population of Kingston in 2016 was 4424 people. By 2021 the population was 6579 showing a population growth of 48.7% in the area during that time. The predominant age group in Kingston is 30-39 years. Households in Kingston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingston work in a professional occupation.In 2021, 48.10% of the homes in Kingston were owner-occupied compared with 40.20% in 2016.

Kingston has 4,935 properties. Over the last 5 years, Houses in Kingston have seen a -11.82% decrease in median value, while Units have seen a 20.03% increase. As at 31 July 2026:

  • The median value for Houses in Kingston is $697,195 while the median value for Units is $710,730.
  • Houses have a median rent of $725 while Units have a median rent of $620.
There are currently 34 properties listed for sale, and 53 properties listed for rent in Kingston on OnTheHouse. According to Cotality's data, 296 properties were sold in the past 12 months in Kingston.

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RWC Canberra
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