Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Building Area Net
Land Area Net ()

Asset Description

JLL, together with our co-agents Colliers, are proud to present 33 Allara Street, Canberra for sale via Expression of Interest closing 4pm (AEDT) Thursday 25th November 2021.

Investment Highlights

  • Fully refurbished A-grade building of 9,736sqm (NLA) and parking for 117 cars;
  • Prominently positioned on large land holding of 3,725sqm within the City East precinct of Canberra CBD;
  • Close proximity to new development, major occupiers, transport, lifestyle and retail amenity;
  • Diversified cash flow supported by 5.21 year wale by income;
  • Proven leasing performance with 4,114 sqm of leasing activity completed in past 24 months through COVID-19 pandemic;
  • Net Income (fully leased) of $4,357,540 p.a. with all leases featuring fixed annual rental reviews;
  • Further opportunity to enhance income through development of D.A. approved 1,016sqm building by renowned Fender Katsilidis Architects on spare land
  • Canberra’s leasing markets are tightening despite COVID-19 with PCA Office market data confirming A-grade vacancy compressed from 6.4% to 4.9% between January and July 2021.
  • 4.5-star NABERS Energy Rating

*All figures approximate as at 1 December 2021

Last Updated Date: 26 Nov 2021

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Last Updated Date: 26 Nov 2021

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