38 Thynne StreetBruce ACT 2617
Property Details for 38 Thynne St, Bruce
Last Listing description (March 2022)
Burgess Rawson are delighted to exclusively offer for Sale by Auction this outstanding investment fully leased to The Australian Centre for International Agricultural Research (ACIAR).
ACIAR House is a high quality standalone two storey office building, originally constructed in 1996 on a substantial 5,574 sqm corner block location fronting Traegar Circuit and Thynne Street, Bruce ACT.
This is a quality investment with a rare net lease to a major Commonwealth Government agency. The property was substantially refurbished in 2015 including air conditioning upgrades and re-carpeting. The base building lighting has also recently been upgraded to LED fittings. The property enjoys a 4.0 Star NABERS rating and features a generous onsite car park with 65 spaces, external lighting, landscaping and a bike cage.
The internal office fit out comes complete with full furnishing, open plan areas, individual offices, meeting rooms, one lift (750kg), large kitchen/breakout space and amenities.
The large landholding supported by a mixed use zoning provides substantial future redevelopment potential.
Fern Hill Technology park has grown into a mixed use precinct featuring both residential and office accommodation. On-grade parking currently for 65 vehicles, external lighting, landscaping and a bike cage. Located in the Northern Canberra suburb of Bruce, the nearby Belconnen district has a population of 96,049. It is 7km from the Canberra CBD, 3km from Belconnen town centre, Close proximity to AIS, UC, Calvary Hospital and the ANU.
ACIAR are a statutory authority within the Department of Foreign Affairs and Trade (DFAT).
Purpose clause
The premises can only be used for one or more of the following:
- Electronic and micro-electronic systems
- Computer software and hardware
- Instrumentation and instruments
- Electronic communication and telecommunication systems and goods
- Biological medical and/or paramedical goods or;
- Other goods intended for use in science and technology
Highlights:
+ Block size - 5,574sqm
+ Land zone use - CZ5 mixed use
+ NLA - 1,485sqm
+ 4 star NABERS energy rating
+ Lessee: ACIAR
+ Lease Term: 12 years
+ Lease Commencement: 1st August 2013
+ Lease Expiry: 31st July 2025
+ Options: 1 x 5 years
+ Annual Increases of 3%
+ Anticipated yield circa 6.0% net
+ Market review every five years.
+ Future potential residential redevelopment
Net income $560,597.00 pa + GST
To be sold by Investment Portfolio Auction:
11:00am AEDT
Tuesday 14 December 2021
Yallamundi Rooms, Opera House, Sydney
For further information or to arrange an inspection please contact Steve Burke on 0428 434 464 or Rhys Parker on 0451 101 042.
Property History for 38 Thynne St, Bruce, ACT 2617
- 14 Dec 2021Sold for $8,500,000
- 17 Nov 2021Listed for Sale Auction
- 10 Mar 2016Listed for Sale EXPRESSIONS OF INTEREST
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About Bruce 2617
The size of Bruce is approximately 6.6 square kilometres. It has 11 parks covering nearly 36.7% of total area. The population of Bruce in 2016 was 6997 people. By 2021 the population was 7520 showing a population growth of 7.5% in the area during that time. The predominant age group in Bruce is 20-29 years. Households in Bruce are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bruce work in a professional occupation.In 2021, 46.60% of the homes in Bruce were owner-occupied compared with 39.60% in 2016.
Bruce has 3,443 properties. Over the last 5 years, Houses in Bruce have seen a 23.95% increase in median value, while Units have seen a 29.70% increase. As at 30 November 2025:
- The median value for Houses in Bruce is $1,093,194 while the median value for Units is $593,069.
- Houses have a median rent of $628 while Units have a median rent of $550.
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