490 Northborne Avenue, Dickson, ACT
The Property
Telstra House is an ‘A grade’ commercial building, prominently positioned at the start of the boulevard entrance to the Canberra CBD. The building, which is being substantially refurbished, is fully leased to Telstra Corporation Limited, which has a current lease to 30 November 2008. A new 10 year lease with Telstra has also been entered into, with two further options to renew of five years each.
Property Snapshot
| Property description |
Commercial |
| Purchase price |
$42,000,000 |
| Value (as if complete)1 |
$42,000,000 |
| Valuation date |
26 September 2007 |
| Net lettable area |
7,878 m2 |
| Settlement date |
18 December 2007 |
Lease term
|
Currently leased to 30 November
2008, with a new lease for 10 years
to commence on 1 December 2008 |
| Occupancy level |
100% |
| Major tenant |
Telstra Corporation Limited |
- Based on an independent valuation report provided by Herron Todd White (Canberra) Pty Ltd dated 26 September 2007.
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