Hatch Building, 144 Stirling Street, Perth, WA

Hatch Building, 144 Stirling Street, Perth is an A-Grade office building on Penrth’s city fringe, with four levels, and an adjoining warehouse facility allowing for secure drop off and parking. Accomodation includes a ground level cafe and foyer, ground level offices connecting to the warehouse facility, and three levels of upper level offices. The floorplates are large at circa 2,400 sqm and present to a good standard. An adjoining two level car park located on 130 Stirling Street provides tenant parking bays.

Asset summary
Property type Office
NABERS energy rating 4.5 stars
Ownership interest 100%
Title Freehold
Site area 5,057
Building constructed Approx. early 1970s
Latest refurbishment 2001
Car park spaces 240
Tenancy summary
Net lettable area (by NLA) 11,042
Occupancy (by NLA) 100.0%
WALE (by income) 3.9 years
Major tenants (by gross income)
Minister for Works (WA Police) 1 68%
Hatch 23%
Valuation summary
Book value $58.2m
Most recent independent valuation $58.2m
Valuation date 30 June 2017
Valuer CBRE
Capitalisation rate (current) 7.50%

Information accurate as at 30 June 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.