Chief Minister Stanhope has proudly announced the sale of a car park on 28 Sydney Avenue, within a stone’s throw of Parliament House, for $6.8 million.
Local developer BDC (ACT) Pty Ltd bought the 4,498sqm site today, which is located less than 500 metres from Parliament House and fronts onto Sydney Avenue.
The site has a maximum gross floor area of 21,000sqm and is zoned for commercial offices, a child care centre and restaurant.
Apparently the price vindicates the economy of the ACT.