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Colliers International - Canberra
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Garema Court, 140-180 City Walk City, ACT 2601

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For Sale - Expression of Interest

Garema Court, 140-180 City Walk
City, ACT 2601

Offices
Sale Price

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Land area

2066.0m²

Floor area

11438.0m²

Car spaces

66

Parking info

Basement parking

Property extent

Whole

Tenure type

Tenanted Investment

NABERS

5.0

Core Canberra CBD Office Asset Underpinned by AAA Covenant

  • Prime CBD location adjacent to amenities
  • 100% office occupancy with AAA covenant
  • 4.3 year WALE with fixed annual reviews
Colliers International are pleased to present Garema Court, 140-180 City Walk, Canberra for sale by International Expressions of Interest closing 4pm (AEDT), Thursday 14 November 2019.

Garema Court is a seven (7) level A Grade office building with ground floor retail completed in 1996 and refurbished in 2010, 2012 and 2019. The asset features 11,438m² of Net Lettable Area (NLA) and 66 dedicated basement car spaces. The efficient 5.5-star NABERS rated building (with Green Power) is set within Canberra’s absolute core, with significant frontage (72m) to Garema Place.
Garema Court provides purchasers with a compelling investment proposition featuring the following key attributes:

• 100% office occupancy – 10,821m² NLA underpinned by the Commonwealth of Australia (95.03% of total NLA).
• AAA rated covenant – The most secure tenant profile possible with the Commonwealth of Australia awarded a ‘AAA’ credit rating.
• Passive cashflow – A 4.3 year* WALE by income and fixed rental reviews from 3.75% - 4.00% provides excellent growth prospects over the term.
• Canberra’s Most Central Location – A commanding CBD presence fronting Garema Place offers an unrivalled location. Positioned adjacent to numerous infrastructure projects and within a dynamic and evolving retail and office precinct.
• Value-enhancing Opportunities – Multiple avenues to enhance asset value with 2,066m² site area and flexible floorplates ranging from 1,225m² to 1,841m².
• High quality, efficient asset - One of few Canberra CBD buildings with a 5.0-star NABERS Energy rating and 5.5-star rating with Green power.
• Net passing income - $5.25m* ex. GST

*Approximately as at 1 November 2019

With its core CBD location and income underpinned by the AAA rated Australian Commonwealth Government, Garema Court represents an exceptional investment opportunity.

Property ID: 503361750Last Updated: 11 Nov 2019

Colliers International - Canberra
Garema Court, 140-180 City Walk
City, ACT 2601
Matthew Winter
Michael Montelibano
Paul Powderly

Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street
CITY, ACT 2601

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Colliers International - Canberra

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Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street
CITY, ACT 2601
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James Mitchell
Colliers International - Canberra
Garema Court, 140-180 City Walk City, ACT 2601

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • James Mitchell

    Colliers International - Canberra
    +61 *** ***
  • Matthew Winter

    Matthew Winter

    Colliers International - Canberra
    0432 *** ***
  • Michael Montelibano

    Michael Montelibano

    Colliers International - Canberra
    +61 *** ***
  • Paul Powderly

    Paul Powderly

    Colliers International - Canberra
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