51 Allara Street

Canberra, ACT

The eight level office block is centrally located on the intersection of Constitution Avenue and Allara Street in Canberra CBD in the centre of a major government office precinct.

A refurbishment of office areas, building entry and end of trip facilities was completed in September 2018.

Ownership interest 100%
Cap rate 8.00%
Valuation date December 2018
Acquisition date January 2008
Site area 3,973m2
Net lettable area 12,417m2
Occupancy 68%
NABERS rating (Energy) 4
NABERS rating (Water) 2
WALE by income 2.0
Rent review stucture Fixed
Major tenants by income Dept of Environment
Parking spaces 163
Valuation range $40-60 million