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Location
The building is centrally located in the Canberra CBD close to the popular retail shopping precinct and Canberra Centre. It can be easily accessed by road, light rail and bus services. In addition, local parks, cafes and restaurants are in close proximity.
Description
The property was built in 1984, extended in 1994 and extensively refurbished in 2012. It consists of two modern A-Grade, eight-level office buildings plus basement carparking.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.5
NABERS Energy rating
5.5
NABERS Water rating
Asset summary
as at 31 December 2023
Title
Leasehold
Site area
2,945 sqm
Lettable area
15,398 sqm
Occupancy
100 %
WALE (by income)
1.2 years
Major tenant
Australian Commonwealth Government
Valuation summary
Book value
$ 73.0 m
Cap rate
6.88 %
Discount rate
7.00 %
Location
The building is centrally located in the Canberra CBD close to the popular retail shopping precinct and Canberra Centre. It can be easily accessed by road, light rail and bus services. In addition, local parks, cafes and restaurants are in close proximity.
Description
The property was built in 1984, extended in 1994 and extensively refurbished in 2012. It consists of two modern A-Grade, eight-level office buildings plus basement carparking.