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Caroline Chisholm Centre, 57 Athllon Drive, Greenway, ACT 2900

    • Offices
  • Floor Area: 40,244 m²
  • Sold Mon 16-Apr-12 - Contact Agent

50% Share of Iconic Canberra Asset with Long Lease to the Commonwealth of Australia

  • 18 yr lease expires 2025
  • 4.5 Star NABERS rating
  • Premium Grade asset

Listing Summary

  • Last Updated
  • May 17, 2012
  • Energy Efficiency Rating
  • 4.5-star NABERS Energy Rating
  • Car Spaces
  • 1098

Agent Information

Property Description

50% Share of Iconic Canberra Asset with Long Lease to the Commonwealth of Australia

* 50% share in a new Premium Grade, five storey freestanding commercial office building recently completed in 2007
* Purpose designed as the National Headquarters for The Department of Human Services (formerly Centrelink)
* Passing net income: $14,409,781 (approx) for the 100% interest as at 5 October 2011
* Secured by lease to Commonwealth of Australia for 18 years from July 2007 with 3% annual reviews, providing ultimate safe haven and security of income. Two further terms of five years each
* Pattern of occupation of core assets for Commonwealth Departments in Canberra suggests continuous occupation for life of building
* Net lettable area: 40,244m² (approx)
* Huge site area of 5.35ha (approx)
* Energy efficient building with 4.5-star NABERS Energy rating
* 1,098 carparks (approx)

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