42-46 Colin Street, West Perth, WA
This property is a modern, A-Grade commercial office building that is located close to the Western Australia parliamentary precinct. This four-story building is well serviced by free public transport and contains premium end of trip facilities. The major tenant, Insurance Australia Group (IAG:ASX), occupies three levels.
|NABERS energy rating||3.5 stars|
|Site area||5,147 sqm|
|Car park spaces||145|
|Net lettable area||8,439 sqm|
|Occupancy (by NLA)||100.0%|
|WALE (by income)||4.6 years|
|Major tenants (by gross income)|
|Insurance Australia Group Ltd (IAG Group)||95%|
|Geers Sullivan Pty Ltd||5%|
|Acquisition price||$33.6 m|
|Most recent independent valuation||$33.6m|
|Valuation date||30 November 2017|
|Capitalisation rate (as at 30 June 2017)||7.50%|
This information is accurate as at 31 December 2017. It 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.