5 Mort Street

City ACT 2601

Prominently positioned on Northbourne Avenue, Canberras principal boulevard, 62 Northbourne Avenue represents a rare opportunity to secure a fullylet CBD asset with shortterm income, exceptional exposure and significant upside potential in Australias tightest office market.Occupying a commanding gateway position at the northern entry to the CBD, the building benefits from unmatched visibility, immediate access to light rail infrastructure and proximity to Canberras Parliamentary Precinct, education institutions and retail core.The asset presents a clear pathway to longterm value creation, supported by favourable planning controls permitting mixed use potential (STCA). Concept studies indicate the potential for a transformational mixeduse redevelopment capitalising on Northbourne Avenues evolution into Canberras premier urban corridor.Timing aligns with a multibilliondollar CBD infrastructure pipeline scheduled for delivery from 2028 onwards, further enhancing tenant demand, amenity and longterm capital growth prospects.Key highlights- Compelling market entry at a significant discount to replacement cost- Landmark CBD positioning with 56 metres of combined frontage to Northbourne Avenue and Mort Street- Flexible floorplates anchored by a central atrium, allowing fullfloor or multitenant configurations- Immediate access to Light Rail Stage 2A, with Stage 2B running directly past the asset- Material valueadd potential via refurbishment, releasing or future mixeduse redevelopment (STCA)- Located within Australias most resilient CBD office market, underpinned by strong government demand and record infrastructure investmentThe property is offered for sale via Expressions of Interest closing Thursday May 14 2026.For further information or to arrange access to the data room, please contact the exclusive agents at CBRE.