Prime office investment in Canberra's CBD

14 Moore Street, City, Australian Capital Territory 2601

Office For Sale

Expressions of Interest. EOI Date 24 Oct 2018
Land Area: 2,100.00 m2.    Floor Area: 11,047.00 m2.    

Building Class: B
Car Spaces: 77   Energy Efficiency: 3.5   

Description

Situated in a thriving location with market-leading accessibility in the capital city of Australia, 14 Moore Street is one of few assets of its type in Canberra, boasting a prime CBD location, 100% occupancy*, diversified tenancy profile and a strong leasing history.

14 Moore Street offers 11,047m² of high-quality office accommodation across 14 levels, with 77 secure car spaces. The building has been extensively refurbished and presents investors with ongoing cash flow, fixed rental growth and low forecasted capital expenditure.

The 100% leased asset has a WALE of 4.54 years** by income and is let to 15 occupants including Aurecon, Administrative Appeals Tribunal, CBRE, Fair Work Commission, Leidos and numerous other high-quality private sector tenants. The building has a strong leasing history evident in the renewal of key building tenants and a number of new leases/tenancy fitouts within the past 12+ months. The diversified tenancy expiry profile limits binary leasing risk and provides time to finalise future renewal/re-letting strategies.

The property is superbly located amongst the City West precinct, home to a variety of Commonwealth Government and corporate headquarters, as well as being within close proximity to major public transport including the Capital Metro terminus, business infrastructure and retail amenity.

The building is currently performing to a 3.5-star NABERS Base Building Energy rating and upgrade works have been designed to target a NABERS Base Building Energy rating of 4.5-stars.

Colliers International and CBRE are pleased to present the opportunity to acquire a top-tier Canberra office asset offering exceptional investment credentials.

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING 4PM (AEDT) Wednesday 24 October 2018.

* At time of settlement
**Approximately

Features

  • 100% leased with 4.54-year WALE**
  • Diversified tenancy and expiry profile
  • High quality asset, unrivalled location

Specifications

Zoning CZ1
NABERS Rating 3.5 - Star NABERS Energy rating
Car Parking Details secure basement car spaces

Map

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