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.
This building holds a 4.5 star NABERS rating. The property continues to show promising repositioning and leasing opportunities to further grow revenue.
|Valuation date||June 2017|
|Acquisition date||March 2017 (original purchase 2004)|
|Net lettable area||31,725m2|
|WALE by income||2.5 Years|
|Rent review stucture||CPI and Fixed|
|Major tenants by income||Westpac, HWL Ebsworth and SA Government|
|Valuation range||$80-100 million|