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CURRENT OFFERING
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ABOUT
SERVICES
CASE STUDIES
CONTACT
CURRENT OFFERING
111 ALINGA STREET, CANBERRA
111 ALINGA STREET, CANBERRA
DESCRIPTION
Six level office building completed in 1987
16,328sqm of Net Lettable Area
Department of Infrastructure (‘DOIRDC’) occupies 100% of the office area
DOIRDC lease expires in 2026
5.0 Star NABERS energy rating
Significantly refurbished in 2009
ATTRACTION
Core asset in Canberra CBD
7% cap rate
Leased to the Australian Government
3.00% annual reviews
Initial capital expenditure requirement
Alternative use potential
STRATEGY
Undertake initial capital expenditure program – Entrance foyer, End of Trip facilities, LED lighting, ceiling upgrade and air conditioning
Hold for strong income return
Seek to extend lease prior to sale
RESULTS
Initial capital expenditure program completed on time and under budget
Current equity IRR >15%