Adjacent to Parliament House, 44 Sydney Avenue is one of few assets of its type in Canberra, boasting a prime location, long term income security, strong green credentials and generous car parking.
44 Sydney Avenue offers 9,948m² of A-Grade office accommodation across 4 levels, with 218 secure car spaces. Constructed in 2003, the building was extensively refurbished in 2016 and presents investors with long term cash flow, steady growth and low forecasted capital expenditure.
The 100% leased asset has a strong WALE of 7.92 years* by income and is 78% let to the Commonwealth of Australia (Department of Foreign Affairs and Trade), with the Minerals Council of Australia, Master Builders Association and BellchambersBarrett accountants rounding out the tenancy mix.
The property is superbly located amongst a variety of Commonwealth Government headquarters and is within close proximity to public transport and retail amenity.
The building has been recently refurbished so that it meets the Green credentials of its tenants now and into the future. Services have been upgraded and the building is currently performing to a 4.5 Star NABERS Energy and 4 Star
NABERS Water rating. FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING 4PM (AEST) TUESDAY 26 September 2017. *approx