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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: |
$18,500,000 |
| Valuation Date: |
May 2011 |
| Structure of Ownership: |
Direct |
| Percentage of Ownership: |
100% |
| Principal Use: |
Commercial Office |
| Total NLA: |
5,627m2 |
| % Vacant NLA: |
Nil |
| WALE (as at 30 June 2011): |
2.61 Years |
Major Tenants
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% of Income |
Lease Expiry |
| NSW Government |
69.33% |
February 2012, May 2012, December 2012 & February 2016 |
| Federal Government |
19.45% |
December 2014, November 2015 |
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