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255-267 St Georges Terrace,
Perth, WA
267 St Georges Terrace is a four level office building with a total NLA of 3,484m2 and secure basement car parking for 39 cars.
255 St Georges Terrace is a two level office building constructed in 1987 with a total NLA of 590m2. The building provides accommodation that features a central atrium providing extensive natural light.
Location: Perth CBD, WA
Acquisition date: July 2007
Ownership/title: 100%/Freehold
Cost including additions: $27.8 million
Independent valuation: June 2009
Valuation/($/m2): $25.8 million ($6,334/m2)
Capitalisation rate: 9.25%
Discount rate: 9.75%
Net lettable area: 4,073m2
Car parking spaces: 87
Major Tenants NLA (m2)
AMCON Solutions 939
Advanced Well Technologies 934
Regus 848
Lease expiry profile
Vacant 0%
FY10 23%
FY11 23%
FY12 54%
FY13 0%
FY14+ 0%
Clemenger Building, 118-120 Pacific Highway,
St Leonards, NSW
The building has a high profile location on the Pacific Highway, a short walk from St Leonards railway station.
This Property Council of Australia award-winning building comprises seven levels with expansive views of Sydney Harbour and the CBD. There are terraces on three levels and two levels of basement car parking, with a generous ratio of one space per 34m2.
Location: St Leonards, NSW
Acquisition date: October 2000
Ownership/title: 100%/Freehold
Cost including additions: $21.1 million
Independent valuation: June 2009
Valuation/($/m2): $22.8 million ($4,444/m2)
Capitalisation rate: 8.50%
Discount rate: 9.00%
Net lettable area: 5,130m2
Car parking spaces: 151
Major Tenants NLA (m2)
Clemenger 2,983
Total Communications Infrastructure 999
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 13%
FY13 28%
FY14+ 59%
40 Cameron Avenue,
Belconnen, ACT
The Chandler Building occupies a prominent corner site in the south-eastern precinct of the Belconnen Town Centre.
Constructed in 1993, 40 Cameron Avenue is an A grade office building comprising four upper levels of office accommodation and offers basement car parking for 50 cars and surface parking for 166 cars.
The building has a typical floor plate in excess of 3,500m2 and is wholly occupied by the ATO.
Location: Belconnen, ACT
Acquisition date: February 2007
Ownership/title: 50%/Leasehold (Expiring 2096)
Cost including additions: $33.2 million
Independent valuation: June 2009
Valuation/($/m2): $26.4 million ($3,405/m2*)
Capitalisation rate: 8.25%
Discount rate: 9.50%
Net lettable area: 15,506m2
Car parking spaces: 216
Major Tenants NLA (m2*)
ATO 15,506
Lease expiry profile
* 100% interest.
Vacant 0%
FY10 0%
FY11 0%
FY12 100%
FY13 0%
FY14+ 0%
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