Investment Portfolio
40 Cameron Avenue, Belconnen, Canberra
The Belconnen property (“Property”) is one of five properties in Stockland Direct Office Trust No.3. Find out more
The Property is a modern A grade commercial building comprising of a ground level foyer, four levels of office accommodation, a single basement level which provides 50 car spaces and on-grade parking for a further 166 car spaces. The Trust has a 50% interest in the Property and has entered into a co-ownership agreement with Stockland, the co-owner of the other 50% leasehold interest in the Property.
The Property is located in the Belconnen Town Centre which is one of Canberra's four main town centres and is located approximately 10 kilometres north west of the Canberra CBD. The Property occupies a prominent corner of Belconnen which benefits from high exposure and excellent access to public transport.
The Property is leased to the Commonwealth of Australia (Australian Taxation Office) until 2012.
Key Information
| Location: | 40 Cameron Avenue, Belconnen ACT |
| Acquisition Date: | June 2007 (upon Allotment of units) |
| Ownership/Title: | 50% / Leasehold |
| Independent Valuation: | 30 June 2008 |
| Valuation ($/m2): | $32.50 million ($2,096/m²) |
| Net Lettable Area: | 15,506m² |
| Car Parking Spaces: | 216 |
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