Yaradhang Building

23 Furzer Street, also known as the ‘Yaradhang Building’, represents a landmark asset of national significance, serving as the headquarters of the Commonwealth Department of Health and Aged Care (DHAC).

Purpose built for DHAC in 2010, the asset provides a high standard of A-Grade office accommodation across ten ‘campus-style’ levels with ample onsite car parking provided across two basement levels. building capex since June 2023, including lift and end of trip upgrades. 23 Furzer Street exemplifies sustainable design and operation, boasting 6-Star NABERS Energy and Water Ratings. These market leading credentials, complemented by multiple national sustainability awards, solidify its status as a best-in-class Government campus asset in Australia’s commercial real estate market.

A 10-year lease extension was agreed with DHAC in 2019, with their lease now expiring on 1 February 2035, including annual 3.25% fixed rental increases and an option term of five-years. Since their extension in 2019, DHAC has undertaken significant fit out works, with an additional $4.2 million spent on base building capex since June 2023, including lift and end of trip upgrades.

23 Furzer Street exemplifies sustainable design and operation, boasting 6-Star NABERS Energy and Water Ratings. These market leading credentials, complemented by multiple national sustainability awards, solidify its status as a best-in-class Government campus asset in Australia’s commercial real estate market.

A 100% Crown Leasehold Interest in 23 Furzer Street is offered for sale via Expression Of Interest (EOI), closing Thursday 28th November at 4pm (AEDT). Purchasers are invited to submit an EOI, addressed to the agents.