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Location
The property occupies a prime position in the Woden Town Centre, the geographic centre of Canberra. The precinct is recognised as a national health hub and includes Canberra Hospital, Westfield, the future CIT campus and light rail terminal. The property is easily accessed by bus services and is in close proximity to cafes, parks and restaurants.
Description
This six-level, A-grade commercial office building was completed in 1986, and was comprehensively refurbished in 2016/17. Accommodation is provided across three interconnected buildings, providing large floor plates suitable for government occupation, with three separate service/ lift cores also ensuring future leasing flexibility. Undercover parking for 86 vehicles is provided on the first floor.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.0
NABERS Energy rating
5.0
NABERS Water rating
Asset summary
as at 30 June 2022
Title
Leasehold
Site area
4,485 sqm
Lettable area
12,376 sqm
Occupancy
96 %
WALE (by income)
8.8 years
Major tenant
ACT Government
Valuation summary
Book value
$ 84.6 m
Valuation date
30-Jun-22
Cap rate
5.38 %
Discount rate
6.25 %
Location
The property occupies a prime position in the Woden Town Centre, the geographic centre of Canberra. The precinct is recognised as a national health hub and includes Canberra Hospital, Westfield, the future CIT campus and light rail terminal. The property is easily accessed by bus services and is in close proximity to cafes, parks and restaurants.
Description
This six-level, A-grade commercial office building was completed in 1986, and was comprehensively refurbished in 2016/17. Accommodation is provided across three interconnected buildings, providing large floor plates suitable for government occupation, with three separate service/ lift cores also ensuring future leasing flexibility. Undercover parking for 86 vehicles is provided on the first floor.