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.
An active leasing program is underway with terms agreed on approximately 2,000sqm and a rolling refurbishment about to commence on vacated areas. A refurbishment of the ground floor lobby has been completed with a repositioning of the retail amenity to follow.
|Valuation date||June 2019|
|Acquisition date||March 2017|
|Net lettable area||31,429m2|
|NABERS rating (Energy)||4.5|
|NABERS rating (Water)||3.0|
|WALE by income||2.40|
|Rent review stucture||CPI and Fixed|
|Major tenants by income||Westpac, HWL Ebsworth and SA Government|
|Valuation range||$60-80 million|