Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Net
Land Area Net ()

Property description

JLL, together with our co-agents Colliers, are proud to present 33 Allara Street, Canberra for sale via Expression of Interest closing 4pm (AEDT) Thursday 25th November 2021.

Investment highlights

  • Fully refurbished A-grade building of 9,736sqm (NLA) and parking for 117 cars;
  • Prominently positioned on large land holding of 3,725sqm within the City East precinct of Canberra CBD;
  • Close proximity to new development, major occupiers, transport, lifestyle and retail amenity;
  • Diversified cash flow supported by 5.21 year wale by income;
  • Proven leasing performance with 4,114 sqm of leasing activity completed in past 24 months through COVID-19 pandemic;
  • Net Income (fully leased) of $4,357,540 p.a. with all leases featuring fixed annual rental reviews;
  • Further opportunity to enhance income through development of D.A. approved 1,016sqm building by renowned Fender Katsilidis Architects on spare land
  • Canberra’s leasing markets are tightening despite COVID-19 with PCA Office market data confirming A-grade vacancy compressed from 6.4% to 4.9% between January and July 2021.
  • 4.5-star NABERS Energy Rating

*All figures approximate as at 1 December 2021

Last Updated Date: 26 Nov 2021

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Last Updated Date: 26 Nov 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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