Office

Scarborough House - 8 Atlantic Street, Phillip

8 Atlantic Street Phillip, ACT Australia 2601
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

AAA-rated Investment in Australia’s Public Health Hub

 

JLL and Colliers are pleased to present Scarborough House, Phillip for sale by Expressions of Interest closing 4pm (AEST), 12 May 2021.

 

Scarborough House - 8 Atlantic Street - is a fourteen-level A-grade office building offering 16,755m² NLA and a long-term history of Federal Government occupation. Situated in the Woden Town Centre - the geographic centre of the ACT - the property deserves the attention of investors seeking the following attributes: -

  • High profile 14-level office tower of 16,755sqm NLA.
  • 100% leased with WALE by income of 4* years supported by fixed annual reviews of 3.50% - 4.00% p.a.  
  • Net passing income $6,525,041* ex.GST underpinned by the AAA-rated Commonwealth of Australia as represented by the Department of Health.
  • Fully refurbished building in 2005 and with further upgrades in 2016 and 2018.
  • 5-star NABERS Energy and 3.5-star NABERS Water ratings exceed standards required by Government.
  • Centre core layout with abundant natural light and sweeping views from all sides.
  • Secure basement car parking for 47 vehicles.
  • Ideally located in the Woden Town Centre, well recognised as Australia’s public health hub and surrounded by significant infrastructure projects, tenant amenities and public transport.

Investment Highlights

  • NLA: 16,755sqm
  • Car Parking: Secure parking for 47 cars.
  • Site Area: 3,335sqm
  • WALE: 4 years by income

With its prime town centre location, excellent physical fundamentals and AAA rated cashflow, Scarborough House presents a highly desirable investment opportunity.

 

*approximately as at 1 August 2021

 

Please call Tim Mutton or Luke Billiau today to arrange an inspection.

Last Updated Date: 21 Apr 2021
Tim Mutton
Tim Mutton
Head of Sales & Investments - ACT
Luke Billiau
Luke Billiau
Head of Capital Markets - NSW

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 21 Apr 2021

Do you have any questions?  Visit our FAQ page

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.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.