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29 Molesworth Street, Lismore |
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Nature of Property
The property consists of a 5 storey office building with basement carparking for 40 vehicles and an off-site car park for 23 vehicles. Constructed in 1989, it comprises 4 upper levels of office space with retail/office space on the ground floor.
Key Property Details
| Date Purchased: |
October 2001 |
| Purchase Price |
$9,150,000 |
| Valuation: |
$16,000,000 |
| Valuation Date: |
March 2009 |
| Structure of Ownership: |
Direct |
| Percentage of Ownership: |
100% |
| Principal Use: |
Commercial Office |
| Total NLA: |
5,627m2 |
| % Vacant NLA: |
2.57% |
| WALE (as at 30 June 2010): |
1.61 Years |
Major Tenants
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% of Income |
Lease Expiry |
| NSW Government |
63.24% |
February 2011, February 2012, May 2012 & December 2012 |
| Federal Government |
19.40% |
December 2009, November 2010 |
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