438-517 Kingsford Smith Drive, Brisbane, QLD

kingsford-smith-dr-brisbane-large

This property was completed in May 2013, and comprises two modern commercial office buildings. Kingsford Smith Drive 1 comprises ground floor retail space featuring a small format Woolworths supermarket and five retail tenancies, plus five upper levels of office space. Central Retail Building comprises ground floor retail for five tenants and one level of office space. Basement parking is provided for 192 vehicles, with additional parking within the plaza for 69 vehicles.

Asset summary
Property type Office
NABERS energy rating 4.5 stars
Ownership interest 100%
Title Freehold
Site area 15,300 sqm
Building constructed 2013
Latest refurbishment N/A
Car park spaces 192
Tenancy summary
Net lettable area 9,322 sqm
Occupancy (by NLA) 98.5%
WALE (by income) 7.4 years
Major tenants (by gross income)
Domino’s Pizza Ltd 44%
Devine Ltd 16%
Collins Restaurants Management Pty Ltd 13%
Valuation summary
Most recent independent valuation $74.4m
Valuation date 26 April 2016
Valuer m3
Capitalisation rate 7.00%

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.