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WillG
18-03-2003, 03:55 PM
Interested in thoughts from Canberra people about an advertisment in the Canberra Times on 15/03 for the Defence Staff College in Weston Creek.

What would a place like that go for ?.

Based on the rental return of about $2mill / year I would expect about $20 mill (based on commercial yields of about 10%).

It is obviously for serious commercal investors/companies but it is interesting to check out deals.

geoffw
18-03-2003, 05:20 PM
AFP HQ in Weston Creek was about $13 to 14 mill from memory- I had heard that the yield on that was about 11 to 12%- but my memory is hazy.

WillG
19-03-2003, 08:24 AM
Hi Geoff,

Where did you hear the $13 - $14 mil ?

Cheers,
Will