Allara Street Offices

Property Summary as at June 2021

Ownership
100%
Acquisition date
2022
Site Area
3,725m2
Total area (NLA)
9,736m2
Occupancy
89%
WALE (income)
4.36 years
Rent Review Structure/s
Various
Tenant/s
Commonwealth Government, Infosys Technologies Ltd, JAGA Workspaces
Value Range
$40-$45 million

33 Allara Street is positioned in the eastern core of the Canberra CBD, with extensive and commanding street appeal. The A-Grade building is constructed upon a site area of 3,725 sq.m., providing seven levels of office accommodation, together with ground level retail, combining for a net lettable area of 9,735 sq.m. Parking is available for 117 vehicles across two basement levels, which includes end-of-trip facilities for the building occupants. The property is occupied by a diverse group of tenants from a variety of industries, including Commonwealth Government (Murray Darling Basin Authority), as well as publicly listed and multi-national organisations.

The building has undergone significant refurbishment and service upgrade works over recent years, achieving a 4.5-star NABERS Energy Rating, ensuring CBIC continues to align its portfolio with environmentally sustainable assets. The defensive income stream is underpinned by Commonwealth Government, whilst the immediate location benefits from government and private investment that will continue to enhance this precinct over the medium to long term.