Australian Taxation Office, Adelaide

12-26 Franklin Street, Adelaide SA

The Australian Taxation Office Adelaide is a modern, A-grade CBD high rise office tower, constructed in 2012. The building comprises 17 levels of office space and basement parking for 114 vehicles. The building has been certified with a 5 Star Green Star Office As Built v3 rating and a base building 5 Star NABERS Energy rating.

The property is located within the core office precinct of the Adelaide CBD and forms part of the City Central precinct, a redevelopment that includes the existing GPO building.

The building is fully leased to four tenants including the major tenant, the Commonwealth of Australia (represented by the Australian Taxation Office), which that occupies 84% of the Net Lettable Area, with the other significant tenant being Australia Post occupying another 14%.

Tenant NLA (sqm) NLA (%) Expiry (date) Review (%/CPI)
Commonwealth Government (ATO) 30,979 84% Oct-27 3.75% 2
Australia Post 5,291 14% Feb-23 3.50%
Public Caffé 255 1% Oct-27 4.00%
SA Government (SA Lotteries) 277 1% Jan-19 3.25%
MAP

1 By gross passing income (REIT ownership interest).
2 Effective market rent reviews apply at the rental review due in November of 2017 and 2022, subject to a 10% cap and collar.