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Location
Adelaide's best suburban office building is situated in a city fringe location just two kilometres from the CBD. The property is easily accessed by road, rail and bus services. The location also affords easy access to Adelaide Airport and is within easy walking distance of Edwards Park.
Description
Built in 2010, this A-Grade office building comprises ground-floor foyer and retail, rooftop plant room and five levels of premium office accommodation. Abundant parking is provided on site. The full height central atrium provides fantastic natural light. During FY24 a 50kW rooftop solar PV array was installed.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.5
NABERS Energy rating
5.0
NABERS Water rating
Asset summary
as at 30 June 2024
Title
Freehold
Site area
4,169 sqm
Lettable area
11,589 sqm
Occupancy
98 %
WALE (by income)
6.1 years
Major tenant
SA Government
Valuation summary
Book value
$ 57.5 m
Valuation date
30-Jun-24
Cap rate
7.00 %
Discount rate
7.50 %
Location
Adelaide's best suburban office building is situated in a city fringe location just two kilometres from the CBD. The property is easily accessed by road, rail and bus services. The location also affords easy access to Adelaide Airport and is within easy walking distance of Edwards Park.
Description
Built in 2010, this A-Grade office building comprises ground-floor foyer and retail, rooftop plant room and five levels of premium office accommodation. Abundant parking is provided on site. The full height central atrium provides fantastic natural light. During FY24 a 50kW rooftop solar PV array was installed.