16-18 Mort Street is situated in the heart of the CBD, adjacent to the main shopping precinct and commercial thorough fare.

This A-grade building includes space for 160 vehicles over two levels of underground parking. It also offers a 5-star NABERS Energy rating and generous 2,200sqm floor plates. The building is leased to Telstra until 2026 and was comprehensively refurbished in 2013.

Highlights

  • 14,155 SQM
    Total Lettable area
  • $97.0 million
    Book
    Value
  • 9.6 Years
    Weighted Average lease expiry
  • 5.0
    4.5
    Stars
    Energy | water Nabers Rating

Key Features

Building grade B Grade
Ownership 100%
Acquired/built/refurbished 2001/1992/2013
Car spaces 160
Lettable area 14,155sqm
Average floor plate 2,200sqm
Passing face rent $428psqm pa net
Net property income $4.4m
External valuation/date $97.0m/June 2016
Value/lettable area $6,853psqm
Book value $97.0m
Cap rate 6.00%
Discount rate 7.50%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
0% OCCUPANCY 100%
FY17
0%
FY18
0%
FY19
0%
FY20
1%
FY21
0%
BEYOND98%

Major Tenants

Telstra 13,662sqm 97% of NLA

EXPIRY Feb 2026