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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 and a future CIT campus. 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, with subsequent refurbishments in 1997 and 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. The building has a 5.5 star NABERS Energy rating.

Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.5
NABERS Energy
5.0
NABERS Water
Asset summary
as at 31 December 2021
Title
Leasehold
Site area
4,485 sqm
Lettable area
12,376 sqm
Occupancy
96 %
WALE (by income)
9.2 years
Major tenant
ACT Government
Valuation summary
Book value
$ 84.6 m
Valuation date
31-Dec-21
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 and a future CIT campus. 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, with subsequent refurbishments in 1997 and 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. The building has a 5.5 star NABERS Energy rating.