576 Swan Street, Richmond, Melbourne, VIC

swan-st-richmond-large

576 Swan Street, property is located in Botanicca Corporate Park, Richmond approximately five kilometres from the Melbourne CBD. The property is well serviced by public transport including the Swan Street tram service, along with Burnley, Heyington and Hawthorn railway stations all within walking distance. The property was ccompleted in August 2013 and comprises a five level commercial property with retail tenancies within the entrance and a two level secure basement car park. The property extends to 8,331 sqm.

Property Information
Property type Urban REIT
 Ownership interest 100%
 Title Freehold
 Latest independent valuation May 2016
 Book value ($m) 56.0
 Capitalisation rate (%) 6.75
 Net lettable area (NLA) 8,331 sqm
 Occupancy (%) 100
 Weighted average lease term to expiry (years) 5.7
 Major Tenant GE Capital Finance
 Lease expiry June 2021

* Information accurate as at 11.01.2017 and provides a summary of key information in relation to the named property within the Centuria Industrial Fund 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.