Canberra office building leased to tech company Seeing Machines listed

Canberra office building leased to tech company Seeing Machines listed
Canberra office building leased to tech company Seeing Machines listed

A Canberra office building is set for auction after being fully leased to Seeing Machines for a 10-year term plus option.

The 165 Canberra Avenue asset in Fyshwick is being auctioned on October 26. Hyperion Property Group has appointed Colliers International to market the campaign.

Seeing Machines is a Canberra start-up and now global organisation listed on the AIM of the London Stock Exchange and currently employ just under 200 people in Canberra.

It develops computer vision related technologies that help machines understand people tracking and interpreting human faces and eyes.

It is a standalone building that has recently undergone cosmetic upgrades, and future tenant works are estimated at $4 million.

Seeing Machines appointed Canberra-based interior design studio, Core Interiors, to design their fit-out.

The two-level building, constructed in 1994, was purpose-built for a technology company.

Colliers International’s Matthew Winter, who is the listing agent, said the 5,256 sqm corner site "presents purchasers with an outstanding long-term proposition.”

“The property lies within the East Lake Precinct which is currently under investigation by the ACT Government for future re-zoning to encourage urban infill via residential development,” said Matthew.

Tags: 
Commercial Auction Office Listing

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