office
ID 307470UpdatedSold33 Allara Street
33 Allara Street
City, Australian Capital Territory, 2601
Please contact us for price
- Size
9,736 SQM
- Summary
- Building Information
- Energy rating
- Location
- Brochures
- Agents
Description
Timeless A-Grade Asset Situated Within a Transforming Part of Canberra
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.
• 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
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.
• 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
Energy rating
Location
Agent
Tim Mutton
Managing Director and Head of Capital Markets - ACT