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24 Wormald Street Symonston, ACT 2609

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For Sale

24 Wormald Street Symonston, ACT 2609

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Sale Price

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Land area

0.52ha (1.28 acres)

Floor area

4720.0m²

Parking info

OnSite

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$1,983,332
Number of Tenants
1 Tenant
Tenants / Type
Government

Annuity style Commonwealth data centre

  • 100% occupancy
  • Long-term 9.41 year WALE
  • ‘AAA’ rated tenant profile

Colliers International and Raine & Horne Commercial are pleased to present 24 Wormald Street, Symonston for sale via private treaty.

24 Wormald Street presents investors with a high quality, purpose-built data centre/office facility comprising a net lettable area of 4,720m² across three (3) levels. Constructed in 2007 to tenant specifications, the building is fully-leased to a single occupant, with 100% of its income derived from the ‘AAA’ rated Commonwealth of Australia.

The property offers purchasers a long-term, passive investment featuring a WALE of 9.41 years by income with a lease expiring 31 August 2027. The investment provides purchasers with strong rental growth over the term, with annual increases fixed at 3.50% per annum. Net passing rent is estimated at $1,983,332 p.a. ex. GST.

Designed for data centre/office use the building incorporates high level security, quality end of trip facilities, 113 dedicated car spaces and ultimately provides purchasers with an asset requiring limited capital expenditure in the near term.

The property is well positioned in the heart of Symonston in Canberra’s inner south and is within 7km’s of the Central Business District (CBD), 3.5km’s from Canberra International Airport and 4.5km’s from Parliament House. Key transport corridors such as the Monaro Highway and Canberra Avenue provide immediate connectivity to the ACT and surrounding region.

24 Wormald Street offers the ultimate annuity style investment presenting purchasers with a secure, modern asset that is 100% occupied by a single ‘AAA’ rated tenant. The property is offered for sale via private treaty.

Property ID: 502609418Last Updated: 13 Jan 2019

24 Wormald Street
Symonston, ACT 2609

Agency contacts

Colliers International - Canberra

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Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street
CITY, ACT 2601
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Matthew Winter
Colliers International - Canberra
24 Wormald Street Symonston, ACT 2609

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

Kind Regards,

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