69 Rivergate Place, Murarrie, QLD
69 Rivergate Place, property is situated within the Australia Trade Coast suburb of Murarrie, approximately 8 kilometres east of the Brisbane CBD. Yamaha Centre is situated on the western side of Rivergate Place which is readily accessible to the Gateway and Port of Brisbane Motorways. The property comprises a modern office and warehouse facility which was constructed in 2008. The site is utilised as Yamaha Motor Australia’s head office and nationwide training facility.
|Latest external valuation||June 2016|
|Book value ($m)||29.0|
|Capitalisation rate (%)||6.50|
|Net lettable area (NLA)||11,522 sqm|
|Weighted average lease term to expiry (years)||6.9|
|Lease expiry||May 2023|
*Information accurate as at 11.01.2017 and provides a summary of key information in relation to the named property within the Centuria Industrial REIT portfolio. Information is in summary form only and investors should refer to the Fund’s published financial statements and other disclosures for further information and detail on the portfolio.