Canberra's AMA House on the market through Colliers International

Canberra's AMA house in Barton is on the market through Colliers International.

AMA House, 42 Macquarie Street was built in 1990 and is a modern four level, B Grade office building with 4,053 sqm of net lettable area and 110 car spaces.

It features a 3-star NABERS Energy rating.

Matthew Winter, Manager at Colliers International said, AMA House has a diversified income featuring strong value-add potential.

"The opportunity coincides with favourable forecast leasing conditions for the Canberra office market, which combined with an encouraging renewal outlook provide excellent grounds for strong financial performance of AMA House over the short to medium term," he said.

“AMA House offers investors an asset with staggered tenant expiry profile with major leases expiring in 2020 and 2022.

"There are strong opportunities for income and WALE enhancement.

“Australia’s positioning within the Asian economy remains crucial in continuing to attract new foreign investors from every corner of the globe.

"Direct flights from Singapore to Canberra since September last year has increased accessibility to the market and is evident in transactions completed in the first half of 2017.

“The pickup in leasing conditions this year has instilled investor confidence in the Canberra office market which is expected to continue into 2018 and result in further major sale transactions over the coming months."  

Over the past five years, approximately $4 million has been invested into the building, including the central plant upgrade in 2014 and refurbishment of service areas, bathrooms and foyer in 2015/2016.