Manning Clarke Offices, 186 Reed Street,
Greenway, ACT 2900
Offices
Price information
Sold
$25,805,000
Key property information
Land area
Floor area
Car spaces
Property extent
Tenure type
Sold on
Map of Manning Clarke Offices, 186 Reed Street
Capital Safe Haven
- Major refurbishment completed in 2013
- 9 year lease tail to Commonwealth tenant
- 100% leased & fixed 3.5% annual reviews
Colliers International and CBRE take great pleasure to present for sale 186 Reed Street, Greenway, known as the Manning Clarke Offices. This building is a prime four (4) storey office building located in the Tuggeranong Town Centre in Australia’s National Capital, Canberra.
This property offers an opportunity to invest in an office building that is wholly leased to the Commonwealth of Australia, represented by the Department of Human Services (DHS) for an initial ten (10) year term expiring 28 February 2023 with two (2) options of four (4) years. Further, the lease features fixed annual rental reviews of 3.5%.
The building underwent a major base building upgrade and refurbishment which was completed in 2013 and included the replacement of the majority of base building plant and equipment targeted to achieve a 4.5-star NABERS Energy rating.
The net passing income at 1 March 2014 is approximately $2.042M per annum. 186 Reed Street is an asset that provides a safe haven for capital and is ideal for any portfolio because of its extremely low risk profile.
The property is being offered for sale by Expression of Interest closing Thursday 10 April at 4pm (AEST).
This property offers an opportunity to invest in an office building that is wholly leased to the Commonwealth of Australia, represented by the Department of Human Services (DHS) for an initial ten (10) year term expiring 28 February 2023 with two (2) options of four (4) years. Further, the lease features fixed annual rental reviews of 3.5%.
The building underwent a major base building upgrade and refurbishment which was completed in 2013 and included the replacement of the majority of base building plant and equipment targeted to achieve a 4.5-star NABERS Energy rating.
The net passing income at 1 March 2014 is approximately $2.042M per annum. 186 Reed Street is an asset that provides a safe haven for capital and is ideal for any portfolio because of its extremely low risk profile.
The property is being offered for sale by Expression of Interest closing Thursday 10 April at 4pm (AEST).
Property ID: 501063867Last Updated: 3 Jun 2014
Manning Clarke Offices, 186 Reed Street
Greenway, ACT 2900
Colliers - CanberraLevel 8, 68 Northbourne Ave
CITY, ACT 2601
CITY, ACT 2601
Contact Agency
CBRE - SydneyLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
CBRE - CanberraLevel 4, 2 Constitution Avenue
CITY, ACT 2601
CITY, ACT 2601
Contact Agency
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