64 Allara Street,
City, ACT 2601

JLL, as exclusive selling agents are pleased to offer for sale 64 Allara Street, Canberra City via Expressions of Interest closing Thursday 30 April 2015 at 4:00pm (AEST).

64 Allara Street is a modern six (6) level ‘A’ grade commercial office building, located in the south eastern section of the Canberra Central Business District (CBD). The building provides 3,155 square metres NLA office accommodation, 209 square metres of storage, and two levels of basement car parking providing 98 car spaces. Construction was completed in November 2008.

The property is leased to Jacobs Australia, CIC Australia, Airservices Australia and AG Coombs Group. Collectively, these tenants provide a secure cash flow with approximately 90% of passing income derived from the major tenants Jacobs Australia and CIC Australia.

64 Allara Street is well positioned given its strategic location close to the ACT Legislative Assembly and is situated within a major office precinct that houses a variety of Commonwealth and private enterprise tenants.
The property is also located within close proximity to the heart of retailing and entertainment in the city, including the Canberra Centre.
• $1,345,652* net passing income per annum
• 4.63 years WALE at 1 May 2015
• Office accommodation fully leased with an excellent tenancy profile
• Fixed 3.5% rent reviews for all tenants
• Strategic CBD location close to proposed City to Lake project
• Minimal capital expenditure required due to age and quality of the property
• 3.5-star NABERS Energy Rating
*Approximately