Jump to content
Myuna Complex,
Canberra, ACT
Myuna Complex consists of five properties located in the heart
of the Canberra CBD, with frontage to Northbourne Avenue,
Mort and Cooyong Streets.
The Todd building was completed in 1992; major refurbishments
of the Cox and Trace buildings followed in 2000 and 2001
respectively.
The complex also includes the Drakeford building and
68 Northbourne Avenue, completing ownership of the entire
commercial block.
These properties are earmarked for redevelopment.
Location: Canberra CBD, ACT
Acquisition date: October 2000/August 2003
Ownership/title: 100%/Leasehold (Exp 2084/5)
Cost including additions: $51.0 million
Independent valuation: June 2009
Valuation/($/m2): $59.0 million ($2,421/m2)
Capitalisation rate: 9.25% - 9.75%
Discount rate: 10.50% - 11.00%
Net lettable area: 24,366m2
Car parking spaces: 203
Major Tenants N LA (m2)
Australian Federal Police 13,597
DEST 5,518
Department of Transport 3,681
Lease expiry profile
Vacant 0%
FY10 25%
FY11 55%
FY12 4%
FY13 0%
FY14+ 16%
77 Pacific Highway,
North Sydney, NSW
The property was redeveloped in 2002 to A grade standard,
including expansion of the NLA by 1,900m2, new floor to ceiling
glass façade and an impressive double-height entry foyer.
The property has a high profile location in close proximity to
the railway station and offers expansive harbour and city views.
Location: North Sydney CBD, NSW
Acquisition date: January 2000
Ownership/title: 100%/Freehold
Cost including additions: $54.5 million
Independent valuation: June 2009
Valuation/($/m2): $58.0 million ($6,184/m2)
Capitalisation rate: 7.75%
Discount rate: 9.25%
Net lettable area: 9,379m2
Car parking spaces: 39
Major Tenants N LA (m2)
ComOps 1,266
SHL 900
Lease expiry profile
Vacant 4%
FY10 4%
FY11 7%
FY12 32%
FY13 30%
FY14+ 23%
175-181 Castlereagh Street,
Sydney, NSW
The 17 level building has four levels of basement parking and
13 levels of commercial office accommodation. The building
has recently undergone a substantial refurbishment of the lobby,
lift cars, some office floors and bathrooms.
The property is located in the mid-town precinct of the
Sydney CBD close to Stockland’s head office.
Location: Sydney CBD, NSW
Acquisition date: September 1982
Ownership/title: 100%/Freehold
Cost including additions: $34.9 million
Independent valuation: June 2009
Valuation/($/m2): $53.0 million ($4,440/m2)
Capitalisation rate: 8.75%
Discount rate: 9.25%
Net lettable area: 11,938m2
Car parking spaces: 168
Major Tenants N LA (m2)
HMGM QE II 4,632
Department for Women 884
ACP Publishing 878
Saville Hotel Group 878
Lease expiry profile
Vacant 4%
FY10 4%
FY11 15%
FY12 11%
FY13 55%
FY14+ 11%
Go to top
