Finlay Crisp Centre

1 Constitution Avenue, Canberra

Overview

Finlay Crisp Centre is an office complex located at the southern edge of Canberra's CBD with four prestige street frontages: Nangari Street, London Circuit, Constitution Avenue and Allara Street.

Comprising three adjacent buildings, each with their own basement car parking, storage levels and entrance. Customs House is a 12-level building, while Allara House and Nara Centre are six levels each with a central shared forecourt ideal for meetings and breakout spaces.

Canberra Shopping Centre is nearby and combines Australian and international fashion labels with more than 260 specialty stores, food courts, supermarkets and cinemas. Other nearby places of interest include The Gallery of NSW, National Museum of Australia, Lake Burley Griffin, Tidbinbilla Nature Reserve and the Australian National Botanic Gardens.

– Prime London Circuit address

– Strong architectural statement

– Excellent nearby facilities – including major retail

Property Information

  • Building typeB Grade - office
  • TitleLeasehold
  • Site area (hectares)0.9
  • Lettable area ('000sqm)28.6
  • Lettable area adjusted for ownership ('000sqm)14.3
  • Number of buildings3
  • Car parking spaces315
  • Year built1988
  • Major tenantCommonwealth of Australia
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Office Partner
  • Metro areaCanberra CBD
  • ZoningCZ1 Core Zone
  • Acquisition dateApril 2014
  • Book value at ownership ($m)30.6
  • Independent valuation dateDecember 2018
  • Independent valuation at ownership ($m)31.5
  • Market cap rate (%)8.07
  • Initial yield (%)20.17
  • Leased by area (%)100
  • Weighted lease term by income (years)1.1

  • NABERS Energy rating (with Green Power)Allara 5.0 / Customs 5.0 / Nara 5.0
  • NABERS Energy rating (without Green Power)Allara 5.0 / Customs 4.5 / Nara 4.5
  • NABERS Water ratingAllara 3.5 / Customs 3.0 / Nara 4.5