576 Swan Street, Richmond, Melbourne, VIC

swan-st-richmond-large

This five level, A-Grade commercial office building was completed in 2013. It features large office plates ranging from 1,500sqm to 2,300sqm, allowing for 8,049 sqm of office accommodation across levels 1 to 4. There is also ground floor retail space plus ground level and basement car parking for 212 cars.

Asset summary
Property type Office
NABERS energy rating No rating
Ownership interest 100%
Title Freehold
Site area 4,499 sqm
Building constructed 2013
Latest refurbishment N/A
Car park spaces 209
Tenancy summary
Net lettable area 8,331 sqm
Occupancy (by NLA) 100.0%
WALE (by income) 4.7 years
Major tenants (by gross income)
GE Capital Finance Australasia 58%
Forever New Clothing Pty Ltd 38%
Valuation summary
Most recent independent valuation $58.5m
Valuation date 31 December 2016
Valuer Urbis
Capitalisation rate 6.25%

This information is accurate as at 30 June 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.