51 Allara Street

Canberra, ACT

This eight level office block is centrally located on the intersection of Constitution Avenue and Allara Street in the Canberra CBD in the centre of a major government office precinct. The property was substantially refurbished in 2011 and recently underwent an upgrade and now achieves a 5.0 star NABERS rating.

Ownership interest 100%
Cap rate 8.25%
Valuation date December 2014
Acquisition date January 2008
Site area 3,973m2
Net lettable area 13,255m2
Occupancy 100%
WALE by income 3.7 Years
Rent review stucture Fixed
Major tenants by income Dept of Resources, Energy and Tourism and Murray Darling
Basin Commission
Parking spaces 163
Valuation range $50-60 million