The owners of the prime waterfront land that houses the ACT's water police headquarters are yet to disclose their intentions for the site.
The water police are expected to move out of the Yarralumla headquarters from October after the lease of the site was not renewed.
The land is owned by Kaya Investments, whose director Gulbahar Kaya also runs the renowned Barton-based restaurant Ottoman.
Ms Gulbahar declined to comment, saying she was "not interested in discussing" the plans for the site.
Documents show the land was obtained in 2003 by Kaya Investments, which is the sole proprietor of the waterfront site.
But the land, next to Lake Burley Griffin, comes under the jurisdiction of the National Capital Authority.
The authority told Lake Burley Griffin stakeholders last week of the decision for the water police to move away from its Yarralumla headquarters.
Water police equipment used on Lake Burley Griffin would remain in the area but would be stored at a mobile facility.
An ACT Policing spokesman said it was reviewing its operational capacity and requirements for operations on the lake.
GoBoat owner Nick Tyrrell was concerned the water police were moving away from the lake.
He said reduced capacity on Lake Burley Griffin meant response times would be longer in the event of an emergency.
"Emergency services may not be able to respond as quickly as they had in the past," Mr Tyrell said.
"We have been really appreciative of the co-operative approach the water police has taken to us and to members of the public, and I'd be disappointed if that was not to continue."
A spokeswoman for the National Capital Authority said the Department of Finance divested the site about 20 years ago, but it was still covered by the National Capital Plan.
Whether the lease was renewed was a matter for the police and the property owner, she said.