DOMA and Englobo have brought the first stage of the $160 million DKSN inner north precinct in Canberra on the market.
Doma’s managing director Jure Domazet said those buying into Cape apartments will be part of the first full-offering precinct situated on Canberra’s light rail corridor. “What DKSN offers is a new social heart of Dickson—a place where commercial, residential and retail come together in a cohesive precinct.
“The substantial commercial and retail offering on the site, including an ACT government office, means that at completion there will be more than 1,500 people who will come to work each day at DKSN,” Domazet said.
The precinct amenities including restaurants and cafes, a 90-space childcare facility, a large medical centre, a supermarket and gym.
Marketing agent, Colliers International director residential, Shane Radnell, said DKSN will meet the pent-up demand for residential opportunities on the light rail corridor.
“Canberrans are embracing apartment living and all the benefits it offers, such as low maintenance, proximity to amenity, and centrality,” Radnell said.
Englobo’s managing director John Susa said the popularity of Dickson and demand for residential opportunities on transport hubs is demonstrated by the strong apartment rental returns being achieved here, in excess of 5%.
The DKSN masterplan has been designed by architects Bates Smart. The Cape will comprises a mix of 102 one, two and three-bedroom apartments with prices for one bedroom starting from $304,900 and two bedroom from $449,900.
At the ground floor the Cape apartments will house an activated retail promenade with cafes and restaurants spilling out into the green architecturally landscaped plaza.
The Cape apartments and the 13,200 sqm office space anchored by the ACT government form stage one of the DKSN precinct. Stage two will comprise of 175 residential apartments, 4,000 sqm of commercial space, and 3,700 sqm of retail space including ground floor commercial tenancies and a bustling eat street. Doma and Englobo have received strong commercial enquiry for these vacancies.
Australian Property Journal