Foxtel Building, 35 Robina Town Centre, Robina QLD

Foxtel Building, 35 Robina Town Centre QLD

35 Robina Town Centre is known as Foxtel HQ.  The property consists of a modern commercial office tower fully occupied by Foxtel.  It has 6 levels of office accommodation and average floorplates of 1,600 sqm.  The property also contains 268 above and below ground parking spaces.

Property Information
Property type Office
Ownership interest 100%
Title Freehold
Purchase price $46.0m
Net operating income $3.5m
Initial yield 7.8%
Site area 6,760 sqm
Net lettable area (NLA) 9,814 sqm
Occupancy (by NLA) 100%
WALE (by NLA) 7.3 years
Building constructed 2001
Latest refurbishment 2015
Car park spaces 268

*Information accurate as at 11.01.2017 and 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.

Independent Valuation
Valuer CBRE
Valuation date 15 May 2016
Valuation $48.8m
External Capitalisation rate 7.5%