203 Pacific Highway, St Leonards, NSW

203_Pacific_Hwy_StLeonards_260221web

 

203 Pacific Highway is an A-Grade office building constructed in 2000. The Property is part of the Forum, a mixed use complex located above St Leonards railway station.

Asset summary
Property type Office
NABERS energy rating 4.5 stars
Ownership interest 100%
Title Freehold
Site area 2,488
Building constructed 1991
Latest refurbishment 2010
Car park spaces 140

 

Tenancy summary
Net lettable area (by NLA) 9,394
Occupancy (by NLA) 100.0%
WALE (by income) 3.0 years

 

Major tenants (by gross income)
CH2M Hill Australia 13%
Appen Butler Hill 9%
Visionstream Australia 8%

 

Valuation summary
Book value $65.0m
Most recent independent valuation $65.0m
Valuation date 30 Jun 2017
Valuer  Knight Frank
Capitalisation rate (current) 6.50%


*Past performance is not indicative of future performance. Annualised total return of 13.13% is current as at 30 June 2017 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 as