1 Richmond Road, Keswick SA

1 Richmond Road, Keswick is a five level office building located approximately 3.5 kilometres south-west of the Adelaide CBD featuring on-grade parking for 326 vehicles.

Property Information
Property type Office
Ownership interest 100%
Title Freehold
Purchase price $25.2m
Forecast passing yield 11.2%
Site area 19,310 sqm
Net lettable area (NLA) 8,100 sqm
Occupancy (by NLA) 100%
WALE (by NLA) 2.5 years
Building constructed 1985
Latest refurbishment 2016
Car park spaces 326

*Past performance is not indicative of future performance. Annualised total return of 13.21% is current as at 12 October 2016 and is the average of returns across all funds managed to completion (all real estate assets sold and debt repaid) by Centuria Property Funds Ltd as responsible entity/trustee since 1998 and includes capital gains as well as distributions paid during the life of completed funds shown on a per annum basis. The annualised total return does not represent the current performance of any of Centuria’s funds currently under management. Each fund managed by Centuria Property Funds will have different characteristics, properties and risk and should be assessed by an investor independently of the performance of completed funds. Average per annum returns calculated at the completion of a fund do not take into account returns in any particular year and current or future funds may experience fluctuations in asset values and distributions during the life of a fund.

Independent Valuation
Valuer Savills
Valuation date 15 May 2015
Valuation $26.5m
External Capitalisation rate 9.25%