Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Attributes

Building Area
Land Area ()

Property Description

JLL and Colliers are proud to present a 100% interest in 10 Hobart Place, Canberra, for sale via expression of interest closing 3pm AEST Thursday 27 May 2021.


The property deserves attention from investors seeking the following:


  • Refurbished building of 4,483sqm with long term history of occupation by a broad variety of SME tenants.
  • Typical floor plates of 540sqm that are attractive to a variety of Canberra’s SME tenants.
  • High profile site of 668sqm in core Canberra CBD location.
  • Net Passing Income* (assuming fully let) $1,351,929 ex GST.
  • Diversified tenancy profile offering 94% occupancy and 3.1-year WALE* by area.
  • Significant refurbishments since 2014 have seen building completely repositioned to offer low ongoing capex and strong leasing uptake.
  • Close vicinity to retail and leisure amenity as well as proximity to major Civic based Government Headquarters.
  • Opportunity to capture demand from Canberra’s growing SME market for small vacancy in building.
  • Immediate connectivity to Canberra’s road, bicycle, light rail and bus networks.

 *As at 1 July 2021


10 Hobart Place presents as a compelling value-add investment opportunity following its recent refurbishment, location and strong long-term tenant commitment. Please contact the exclusive agents for further information. 

Investment Highlights

  • High profile site of 668sqm in core Canberra CBD location.
  • Net Passing Income* (assuming fully let) $1,351,929 ex GST.
  • Diversified tenancy profile offering 94% occupancy and 3.1-year WALE* by area.
  • Significant refurbishments since 2014 have seen building completely repositioned to offer low ongoing capex and strong leasing uptake.
Last Updated Date: 08 Jul 2021
Tim Mutton
Tim Mutton
Head of Sales & Investments - ACT
Andrew Balzanelli
Andrew Balzanelli
Managing Director - ACT

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Last Updated Date: 08 Jul 2021

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