FOR SALE: FORMER KINGSTON NEWSAGENCY – INVEST, OCCUPY OR LEASE (EXPRESSIONS OF INTEREST

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Unit 1, 64 Giles Street, Kingston ACT 2604

Dawson Commercial is pleased to offer 64 Giles Street, Kingston for sale by Expressions of Interest.

Positioned within the historic Kingston Shops, this standalone, single-level building offers a rare combination of existing rental income and vacant space suitable for an owner-occupier or future tenant.

The property has been part of the Kingston community for almost a century and was home to the Kingston Newsagency for approximately 67 years. By the early 1970s, the newsagency had expanded across both tenancies and was thought to be the largest newsagency in Australia.

The building comprises approximately 479m² across two approximately equal tenancies. One half is leased to Unique Diamonds, with the current lease expiring in October 2029. The remaining approximately 240m² is vacant and provides an open-plan area with direct street access, a wide shopfront, high ceilings, exposed brickwork and excellent natural light.

This configuration provides purchasers with immediate rental income while retaining the flexibility to occupy, lease or reposition the vacant section.

The property is located on a 493m² Crown leasehold site and benefits from excellent exposure to Giles Street, nearby on-street parking and a central position among Kingston’s established cafés, restaurants, retailers and professional businesses.

The Crown lease provides for a broad range of uses, including:

* Shop or shops, together with subsidiary offices, workrooms or residence

* Restaurant

* Drink establishment

* Gymnasium or fitness centre

* Financial establishment

* Public agency

Restaurant, drink establishment and indoor recreation uses are subject to the noise-management requirements contained within the Crown lease, together with all applicable planning and statutory approvals.

Property highlights include:

* Standalone single-level commercial building

* Approximately 479m² building area

* One tenancy leased to Unique Diamonds until October 2029

* Vacant former Kingston Newsagency tenancy - For Lease

* 493m² Crown leasehold site

* Crown lease extending to July 2097

* Wide Giles Street frontage and direct pedestrian access

* Open-plan internal layout with exposed brickwork

* Broad Crown lease purpose clause

* Opportunity for investors and owner-occupiers

* Located within the historic Kingston Shops precinct

64 Giles Street represents an increasingly rare opportunity to acquire a prominent commercial holding with existing income, immediate flexibility and a long-standing connection to the Kingston community.

Expressions of Interest are invited.

All areas are approximate. Prospective purchasers should make their own enquiries regarding permitted uses and relevant planning, heritage and statutory requirements.