Westpac House

91 King William Street, Adelaide SA

Westpac House is a premium grade office property located in central Adelaide with four street frontages.

The property comprises a 31 level office tower and two small office buildings. The property is considered on of Adelaides premium office towers. Abacus Property Group has a 50% interest in the property through a joint venture with Abacus unlisted managed fund.

This building holds a 4.0 star NABERS rating.

Ownership interest 50%
Cap rate 7.75%
Valuation date November 2014
Acquisition date October 2004
Site area 4,287m2
Net lettable area 31,773m2
Occupancy 88%
WALE by income 3.7 Years
Rent review stucture CPI and Fixed
Major tenants by income Westpac, SA Government
Parking spaces 54
Valuation range -