10 Moore Street,
City, ACT 2601
Offices
Price information
Sold
$18,000,000
Key property information
Land area
Floor area
Car spaces
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Map of 10 Moore Street
Core CBD Location with Strong Tenant Profile
- Modern 6 level office building
- 92% leased with 3 year WALE
- High exposure corner position
Colliers International, as exclusive selling agents are excited to offer 10 Moore Street, Canberra for sale by Expressions of Interest, closing Wednesday 9 April at 4pm (AEST).
10 Moore Street known as the Optus Centre represents a superbly located commercial asset that offers an attractive initial yield with a diverse income stream to a mix of high quality tenants resulting in a weighted average lease expiry of 3.05 years by income at 1 April 2014.
The net passing income at 1 April 2014 is approximately $2.068M per annum. The property is currently 92% leased to well known tenants including Optus, Qantas, ANZ Bank, Cliftons and the Commonwealth of Australia. The building has a strong history of occupation with exceptional leasing appeal.
Located on a high exposure corner in the City West precinct of the Canberra CBD, 10 Moore Street is adjacent to the Canberra GPO and located in close proximity to a number of large-scale Commonwealth and ACT Government occupied buildings. It is also situated in the traditionally preferred location for corporate tenants in the ACT.
Australia’s commercial property market currently provides an unprecedented investment opportunity with the record-low interest rate environment and the current yield spread relative to long term averages makes 10 Moore Street Canberra an excellent investment opportunity.
The property is currently performing to a 3.5-star NABERS Energy rating.
10 Moore Street known as the Optus Centre represents a superbly located commercial asset that offers an attractive initial yield with a diverse income stream to a mix of high quality tenants resulting in a weighted average lease expiry of 3.05 years by income at 1 April 2014.
The net passing income at 1 April 2014 is approximately $2.068M per annum. The property is currently 92% leased to well known tenants including Optus, Qantas, ANZ Bank, Cliftons and the Commonwealth of Australia. The building has a strong history of occupation with exceptional leasing appeal.
Located on a high exposure corner in the City West precinct of the Canberra CBD, 10 Moore Street is adjacent to the Canberra GPO and located in close proximity to a number of large-scale Commonwealth and ACT Government occupied buildings. It is also situated in the traditionally preferred location for corporate tenants in the ACT.
Australia’s commercial property market currently provides an unprecedented investment opportunity with the record-low interest rate environment and the current yield spread relative to long term averages makes 10 Moore Street Canberra an excellent investment opportunity.
The property is currently performing to a 3.5-star NABERS Energy rating.
Property ID: 501050591Last Updated: 1 Jul 2014
02 572 1...
10 Moore Street
City, ACT 2601
Colliers - CanberraLevel 8, 68 Northbourne Ave
CITY, ACT 2601
CITY, ACT 2601
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