Investment
Status

Full

Purchase
Price

$20.9M

Date of
Purchase

May '22

Jun '22 Net
Distribution

7.25%

About Sentinel Northern Australia Investment Fund


The Property is located at 131-139 Grenfell Street, in the core Central Business District (CBD) of Adelaide. It has easy access to all forms of public transport and quality amenities, including the popular retail strip, Rundle Mall. Additionally, it benefits from high-quality CBD offerings such as cafes, bars, restaurants, shopping malls, hotels, public parking garages and essential business services, which are all within a few hundred metres from the property.

‘The Conservatory’ forms part of an award-winning, mixed-use development, constructed in 2009 with a focus on sustainable design. The office accommodation is located on levels 5 to 9 and serviced by 3 dedicated elevators with an exclusive office lobby on Grenfell Street. Recent upgrade works included refurbishment of the entry lobby and new end of trip bike storage facilities.

The Property is fully leased to the State and Commonwealth Governments. The South Australian Government tenant comprises SA Health across all their tenancies and the Australian Trade and Investment Commission represent the Commonwealth Government tenancy. Occupying the majority of the property, SA Health benefit from the close proximity to their primary SA Health building in Adelaide, which is located directly adjacent Hindmarsh Square.

Location


Sentinel Northern Australia Investment Fund

131-139 Grenfell Street, Adelaide SA 5000

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