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73 Northbourne Avenue, City, ACT 2601

73 Northbourne Avenue, City, ACT 2601

Offices

  • Sold Contact Agent
  • Fri 22-Apr-16

Perfectly Timed Capital Investment

  • Core CBD office location
  • Strong environmental credentials
  • Staggered lease terms with fixed reviews

  • Land Area
  • 1301.00 m² (approx)
  • Floor Area
  • 6,112 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 07, 2016
  • Energy Efficiency Rating
  • 4.5-star NABERS Energy Rating
  • Car Spaces
  • 92

Interested in this property? Contact an Agent today

JLL - Canberra

Level 7, 121 Marcus Clarke Street

City ACT 2601

Michael Heather, JLL - Canberra
Michael Heather
JLL - Melbourne

Level 40, 101 Collins Street

Melbourne Vic 3000

Robert Anderson, JLL - Melbourne
Robert Anderson
CBRE - Sydney

Level 21, 363 George Street

Sydney NSW 2000

Scott Gray-Spencer, CBRE - Sydney
Scott Gray-Spencer
CBRE - Canberra

Level 12, 14 Moore Street

City ACT 2601

Andrew Stewart, CBRE - Canberra
Andrew Stewart

Perfectly Timed Capital Investment

JLL and CBRE are delighted to present 73 Northbourne Avenue, Canberra ACT for sale by Expressions of Interest closing Friday 11 March 2016 at 3:00pm (AEDT). 73 Northbourne Avenue is leased primarily to the Australian Fisheries Management Authority (AFMA) and Dixon Advisory along with three (3) other high-caliber private sector tenants and is one of the most recognisable buildings in Canberra.

Providing A-grade office accommodation standards with strong environmental credentials, 73 Northbourne Avenue offers a diverse income stream from a mix of Blue Chip and AAA rated tenants resulting in a weighted average lease expiry (WALE) of 3 years by income at 1 February 2016 (approximately).

This well-managed asset has benefited from a comprehensive Capital Expenditure (CAPEX) program with a total expenditure of approximately $4.3 million since 2007 and is currently performing to a 4.5-Star NABERS Energy rating, whilst targeting 5-Stars upon the next review in December 2016.

73 Northbourne Avenue offers investors a perfectly timed opportunity to acquire a modern refurbished office building located prominently at the gateway to Canberra’s CBD, with a striking

73 Northbourne Avenue, City, ACT 2601

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