180-222 Lonsdale Street, Melbourne

Overview

180-222 Lonsdale Street offers so much for businesses within one vibrant area, it's easy to see why once businesses move here, they find it near-impossible to leave.

With two A-Grade office towers, the options and advantages are countless. Take in exceptional views of the city. Working in quality office accommodation that provides a raft of premium tenant services.

The building comprises of 58,600 square metres of space, with 180 Lonsdale recently undergoing extensive refurbishment. Features created to benefit tenants include motion controlled lighting to save energy, inter-floor stairs to enhance collaboration, and the kind of onsite amenity that is seldom seen in Melbourne's CBD.

Highlights include childcare, a gymnasium and a medical centre, and with QV shopping, there's immediate access to well over 110 retailers, food outlets, restaurants. Not to mention major department stores including Officeworks, Woolworths, Harvey Norman, Dan Murphy's and others.

- Above retail destination QV

- A-Grade offices

Asset Information

  • Asset typeA Grade - office
  • Year built2003/2004
  • TitleFreehold
  • Asset locationMelbourne CBD
  • ZoningCapital City Zone
  • Site area (hectares)1.8
  • Lettable area ('000sqm)107.4
  • Lettable area adjusted for ownership ('000sqm)26.8
  • Number of buildings2
  • Typical floor area (sqm)1,800-3,900
  • Car parking spaces2997
  • Owner DXS,DEXUS OFFICE PARTNER
  • Ownership (%)25
  • Co-ownerDexus Office Partner, Victoria Square
  • Major tenantVictorian Government
  • Acquisition dateApril 2014
  • Book value at ownership ($m)285.9
  • Independent valuation dateJune 2023
  • Independent valuation at ownership ($m)285.9
  • Market cap rate (%)5.32
  • 12 month rolling yield (%)4.76
  • Leased by area (%)95
  • Weighted lease term by income (years)5.3

  • NABERS Energy rating (with Green Power)180 5.5 / 222 5.5 / QV 4.0
  • NABERS Energy rating (without Green Power)180 5.5 / 222 5.5 / QV 4.0
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water rating180 6.0 / 222 6.0 / QV 3.5
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