Myuna Complex, Canberra
Key Property Information
The five properties are located on one of Canberra’s major thoroughfares, with frontage to Northbourne Avenue, Mort and Cooyong Streets, occupying a whole city block.
The Todd building was completed in 1992; major refurbishments of the Cox and Trace building followed in 2000 and 2001 respectively.
The complex also includes the Drakeford building and 68 Northbourne Avenue, completing ownership of the entire commercial block.
Key Information
| Location: | Canberra CBD, ACT |
| Acquisition Date: | October 2000/August 2003 |
| Ownership/Title: | 100%/Leasehold (Exp 2084/5) |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $66.6 million ($2,733/m²) |
| Capitalisation Rate: | 8.50 – 8.75% |
| Discount Rate: | 10.00% |
| Net Lettable Area: | 24,366m² |
| Site Area: | 202 |
