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 | - |