51 Allara Street

Canberra, ACT

This eight level office block is centrally located on the intersection of Constitution Avenue and Allara Street in the Canberra CBD in the centre of a major government office precinct. The property was substantially refurbished in 2011 and recently underwent an upgrade and now achieves a 5.0 star NABERS rating.

Ownership interest 100%
Cap rate 7.75%
Valuation date December 2016
Acquisition date January 2008
Site area 3,973m2
Net lettable area 13,255m2
Occupancy 67%
WALE by income 4.0 Years
Rent review stucture Fixed
Major tenants by income Dept of Environment
Parking spaces 163
Valuation range $50-60 million