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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 with recent upgrade works completed on Level 2 to provide smaller suites and common area facilities.

Location: Belconnen, ACT
Acquisition date: Feb 2007/Nov 2009
Ownership/Title: 100%/Leasehold (Expiry 2096)
Cost including additions: $77.90 million
Last Independent Valuation
Date: Jun 2017
Valuation: $24.75 million
Valuation $/m2: $1,664/m²
Capitalisation rate: 10.50%
Discount rate: 11.50%
Car parking spaces: 221
New lettable area (m2): 14,872 m²
Weighted average lease expiry: 1.1 years
NABERS energy rating: 3.5
NABERS water rating: 3
Green Star rating: N/A
Major Tenants NLA m2
Hewlett Packard Pty Ltd 6,211
Injury Treatment 530