A generational CBD opportunity. The first time on-market in 40 years.
Offices - City ACT
Petrie Plaza is in the Centre of the CBD and has a huge amount of pedestrian traffic passing it each day. It’s within 200m of the Canberra Centre, Bus interchange, Garema Place and City Walk. Civium is pleased to present an investment opportunity not seen on the market in four decades. 23 Petrie Plaza is a two-level retail building situated in the heart of the Canberra CBD, sitting on the corner of Petrie Plaza and City Walk, less than 100 metres from the Canberra Centre, and with on-site rear vehicle access.
Situated on a large 1,600sqm block facing directly towards the picturesque ‘Civic Merry-Go-Round’, recent upgrades to City Walk and Petrie Plaza have created a tranquil setting within the Centre of Canberra. With further major upgrades happening through Garema Place and the nearby construction of the new Lyric theatre and ‘Crystalbrook Auroa Hotel’, this part of the CBD is coming to life.
Key Features:
• Annual income (fully leased) – c. $883,217p.a.
• Block size – 1,600sqm
• NLA – 2,648sqm
• Occupancy at 93%
• Income WALE – 4 years
• Major tenants include NAB, Suncorp, LJ Hooker, McGlades, and Shine Lawyers
• Future redevelopment opportunities in central location
• Current allowable uses include shop, bank, offices, consulting rooms, health facility and caretakers’ residence
23 Petrie Plaza City is offered for sale by Expressions of Interest, closing 3pm Thursday November 20th, 2025. This is an exceptional opportunity to secure a highly desirable investment in an area set to thrive for decades to come.
For more information, or to arrange an inspection, please get in touch with the exclusive agent, Andrew Smith.
Contact agent
Andrew Smith
Director - Commercial
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