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Location
The property is centrally located in the western precinct of Canberra's CBD and can be easily accessed by road, light rail and bus services. In addition, local parks, cafes and restaurants are in close proximity.
Description
Built in 2007, the property comprises six levels of A-Grade office accommodation and two levels of basement carparking. The building is leased to the Commonwealth of Australia who have been in occupation since construction.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
4.5
NABERS Energy rating
5.0
NABERS Water rating
Asset summary
as at 30 June 2024
Title
Leasehold
Site area
2,945 sqm
Lettable area
9,167 sqm
Occupancy
100 %
WALE (by income)
3.2 years
Major tenant
Commonwealth of Australia
Valuation summary
Book value
$ 60.5 m
Valuation date
30-Jun-24
Cap rate
6.76 %
Discount rate
7.25 %
Location
The property is centrally located in the western precinct of Canberra's CBD and can be easily accessed by road, light rail and bus services. In addition, local parks, cafes and restaurants are in close proximity.
Description
Built in 2007, the property comprises six levels of A-Grade office accommodation and two levels of basement carparking. The building is leased to the Commonwealth of Australia who have been in occupation since construction.