Office

Australia Place, 14 Mort Street, City

14 Mort Street City, ACT Australia 2601
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1996
Tenure Type Leasehold
Building Area Net
Land Area Net ()

Property Description

100% LEASED TO COMMONWEALTH OF AUSTRALIA | A-GRADE BUILDING | PRIME CANBERRA CBD LOCATION 


JLL and Colliers are proud to present a prime office investment in Canberra’s tightly held CBD market.


Australia Place represents an outstanding opportunity to acquire an A-grade office asset underpinned by Government income in the heart of the Canberra CBD.

Investment Highlights

  • A-grade building of 9,384 is 100% leased to AAA-rated Commonwealth of Australia – Department of Education, Skills & Employment.
  • Prime location in Canberra CBD, within close proximity to other major Government occupiers, transport, lifestyle and retail amenity.
  • 3.31 year wale by income with lease featuring 2 x 5 year options.
  • Net Passing income of $4,141,034 p.a. with fixed annual reviews of 3.75% providing strong contractual income growth.
  • Canberra’s leasing markets are tightening despite Covid-19 with PCA Office market data confirming A-grade vacancy compressed from 6.4% to 4.9% between January and July 2021.
  • Dedicated basement parking for 62 cars.
  • 5-star NABERS Energy Rating

To book your personal inspection or virtual inspection, please contact us.

Last Updated Date: 08 Oct 2021
Tim Mutton
Tim Mutton
Head of Sales & Investments - ACT
Luke Billiau
Luke Billiau
Head of Capital Markets - NSW

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 08 Oct 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.