Colliers International and Raine and Horne Commercial are pleased to present 24 Wormald Street, Symonston for sale via International Expressions of Interest.
24 Wormald Street presents investors with a high quality, purpose-built data centre/office facility comprising a net lettable area of 4,720m² across three (3) levels. Constructed in 2007 to tenant specifications, the building is fully-leased to a single occupant, with 100% of its income derived from the ‘AAA’ rated Commonwealth of Australia.
The property offers purchasers a long-term, passive investment featuring a WALE of 9.92 years by income with a lease expiring 31 August 2027. The investment provides purchasers with strong rental growth over the term, with annual increases fixed at 3.50% per annum. Net passing rent is estimated at $1,983,332 p.a. ex. GST.
Designed for data centre/office use the building incorporates high level security, quality end of trip facilities, 113 dedicated car spaces and ultimately provides purchasers with an asset requiring limited capital expenditure in the near term.
The property is well positioned in the heart of Symonston in Canberra’s inner south and is
within 7km’s of the Central Business District (CBD), 3.5km’s from Canberra International Airport and 4.5km’s from Parliament House. Key transport corridors such as the Monaro Highway and Canberra Avenue provide immediate connectivity to the ACT and surrounding region. 24 Wormald Street offers the ultimate annuity style investment presenting purchasers with a secure, modern asset that is 100% occupied by a single ‘AAA’ rated tenant. The property is offered for sale via an International Expressions of Interest campaign closing Thursday 30 November 2017 at 4pm (AEDT).