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40 Cameron Avenue, Belconnen

40 Cameron Avenue occupies a prominent corner site in the southeastern precinct of the Belconnen Town Centre. The property comprises four upper levels of office accommodation, basement car parking for 45 cars and on-grade parking for 176 cars. The building has floor plates in excess of 3,500 sqm.

Location: Belconnen, ACT
Acquisition date: Feb 2007/Nov 2009
Ownership/Title: 100%/Leasehold (Expiry 2096)
Cost including additions: $77.3 million
Last Independent Valuation
Date: Dec 2015
Valuation: $33.0 million
Valuation $/m2: $2,152/m2
Capitalisation rate: 11.00%
Discount rate: 11.00%
Car parking spaces: 221
New lettable area (m2): 15,338 m2
Weighted average lease expiry: 1.7 years
NABERS energy rating: Exempt
NABERS water rating: N/A
Green Star rating: N/A
Major Tenants NLA m2
(Department Public Works) Child Safety 935
Hewlett Packard Pty Ltd 7,695
(Department Public Works) Education 1,920
(Department Public Works) Disability Services 1,856
(Department Public Works) Justice Attorney General 1,515