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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. The property has strong sustainability credentials with a 5.0 star NABERS Energy rating and 5.0 star NABERS Water rating.

Sustainability ratings
5.0
NABERS Energy
5.0
NABERS Water
Asset summary
as at 30 June 2021
Title
Leasehold
Site area
3,064 sqm
Lettable area
15,398 sqm
Occupancy
100 %
WALE (by income)
3.7 years
Major tenant
Commonwealth of Australia
Valuation summary
Book value
$ 95.0 m
Valuation date
30-Jun-21
Cap rate
6.76 %
Discount rate
6.75 %
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. The property has strong sustainability credentials with a 5.0 star NABERS Energy rating and 5.0 star NABERS Water rating.