203 Pacific Highway, St Leonards
|Acquisition Price||$43.0 m (50%)|
- Acquired a 50% share in December 2015.
- Located in the heart of St Leonards.
- Property consists of a fully leased, modern commercial office building underpinned by three strong covenants in the form of Primary Health Care, Cardno and Verizon Australia.
- At acquisition the property featured an attractive Weighted Average Lease Expiry (WALE) of 5 years by area and contains healthy fixed annual rent reviews of between 3.75% and 5.00% p.a.
Important information- acquisition case studies: Past performance is not indicative of future performance. Case studies on recent acquisitions detail information that was current at the time the property was acquired along with current occupation figures as at 28.04.16. Case studies are in summary form only and do not contain current valuation or performance information in relation to any of the properties noted.
*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 asset values and distributions during the life of a fund.