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78 Franklin Street, Forrest, ACT 2603

78 Franklin Street, Forrest, ACT 2603

Hotel/Leisure Land/Development

  • For Sale
  • Contact Agent
  • Expression of Interest

  • Land Area
  • 0.55ha (1.35 acres) (approx)
  • Floor Area
  • 5,450 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • Aug 14, 2019

Interested in this property? Contact an Agent today

JLL - Hotels & Hospitality Group

Level 25, 420 George Street

Sydney NSW 2000

Andrew Langsford

Approved Parliamentary Precinct Development Site

78 Franklin Street, Forrest ACT

JLL Hotels & Hospitality Group and JLL Canberra have been retained on an exclusive basis to offer for sale the approved hotel development site at 78 Franklin Street, Forrest in Canberra.

Key property and investment highlights:
• The approved Hotel scheme comprises of 227 guest rooms and suites, a restaurant, bar and lounge, meeting facilities, a function room, swimming pool, gym, health spa and 297 car parking spaces
• Located in the Parliamentary Precinct, next to Parliament House and is surrounded by a multitude of international embassies, consulates and high commissions’
• 15 minute drive from Canberra International Airport
• Walking distance from Manuka Shopping Precinct
• Crown lease has been varied to permit a wide variety of commercial accommodation, hospitality and community uses.
• Canberra has one of the strongest economies in Australia, with residents enjoying the highest average level of disposable income of any Australian capital city, together with strong growth in overnight visitors
• Canberra is one of Australia’s best performing hotel markets with STR Global data showing RevPAR growth

78 Franklin Street, Forrest, ACT 2603

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