154 Melbourne Street, South Brisbane, QLD

This 11 story A-Grade office building was completed in 2009. The building incorporates two basement levels of car parking for 102 vehicles, ground level foyer and retail accommodation as well as 10 upper levels of office accommodation.

Asset summary
Property type Office
NABERS energy rating 5.5 stars
Ownership interest 100%
Title Freehold
Site area 1,845
Building constructed 2009
Latest refurbishment N/A
Car park spaces 102
Tenancy summary
Net lettable area (by NLA) 11,300
Occupancy (by NLA) 98.4%
WALE (by income) 1.8 years
Major tenants (by gross income)
Department Housing & Public Works (QCAA) 35%
Department Housing & Public Works (DOJ) 30%
SMEC Australia Pty Ltd 20%
Valuation summary
Most recent independent valuation $77.5m
Valuation date 31 December 2016
Valuer CBRE
Capitalisation rate (current) 7.00%

This information is accurate as at 30 June 2017. It provides a summary of key information in relation to the named property within the Centuria Metropolitan 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.