1 Hugh Cairns Avenue, Bedford Park, SA
DESCRIPTION
The building is located 13 km south-east of the Adelaide CBD in a commercial precinct adjoining Flinders University campus. Occupied by BT Financial Group, a subsidiary of Westpac, the building is used as an operations and call centre.
| SUMMARY INFORMATION | |
|---|
| GRADE | B Grade |
| OWNERSHIP | 100% MPT |
| NLA | 6,224 sqm |
| CARSPACES | 400 |
| ACQUISITION DATE | Aug 10 |
| LAST EXTERNAL VALUATION DATE | 30 Jun 11 |
| VALUATION AT 31 DEC 11 | $17.9m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 9.50% |
| DISCOUNT RATE | 10.00% |
| GROSS OFFICE RENT | $358/sqm |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| WESTPAC | 6,224 | Oct 19 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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