Office

10 Hobart Place, Canberra

10 Hobart Place Canberra, ACT Australia 2601
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Attributes

Building Area
Land Area

Property Description

Colliers International and JLL are proud to present a 100% interest in 10 Hobart Place, Canberra, for sale via an International Expressions of Interest campaign closing 3pm (AEDT) Thursday 12 March 2020.


The property deserves attention from investors looking for the following:


  • Refurbished building of 4,485m² with long term history of occupation by a broad variety of SME tenants.
  • Typical floor plates of 540m² that are attractive to a variety of Canberra’s SME tenants.
  • High profile site of 668m² in core Canberra CBD location.
  • Net Passing Income* (assuming fully let) $1,344,325 ex GST.
  • Diversified tenancy profile offering 3.5 year WALE* by area with all leases featuring fixed market reviews.
  • Significant refurbishments since 2014 have seen building completely repositioned to offer low ongoing capex and strong leasing uptake.
  • Close vicinity to retail and leisure amenity as well as proximity to major Civic based Government Headquarters.
  • Opportunity to capture demand from Canberra’s growing SME market for small vacancy in building.
  • Immediate connectivity to Canberra’s road, bicycle, light rail and bus networks.

*As at 1 February 2020.


10 Hobart Place presents as a compelling value add investment opportunity following its recent refurbishment, location and strong long term tenant commitment. Please contact exclusive agents for further information. 

Investment Highlights

  • Prominent 9 level office building of 4,485 NLA
  • Prime 668m² site in City West, Canberra
  • 3.5 WALE* by area with opportunity for improvement
  • Net Passing Income* (assuming fully let) $1,344,325 ex GST.
  • Diversified tenancy profile offering 3.5 year WALE* by area with all leases featuring fixed market reviews.
Last Updated Date: 21 Jul 2020
Tim Mutton
Tim Mutton
Head of Sales & Investments – ACT
Andrew Balzanelli
Andrew Balzanelli
Managing Director - ACT

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Last Updated Date: 21 Jul 2020

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