54 Marcus Clarke Street, Canberra ACT

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This property is located in the western core of Canberra’s central business district, and features nine levels of office accommodation, ground floor retail space, a two-story podium to Rudd Street and one level of basement car parking. The building has recently undergone a major refurbishment, which included the ground floor foyer, various lift lobbies, signage and external paving.

Asset summary
Property type Office
NABERS energy rating 3 stars
Ownership interest 100%
Title Leasehold
Site area 1,667 sqm
Building constructed 1986
Latest refurbishment 2016
Car park spaces 53
Tenancy summary
Net lettable area 5,169 sqm
Occupancy (by NLA) 83.6%
WALE (by income) 2.1 years
Major tenants (by gross income)
Clarity Financial Group 12%
SHL Developments 11%
Hudson Global Resources 8%
Valuation summary
Most recent independent valuation $16.3m
Valuation date 15 May 2016
Valuer Knight Frank
Capitalisation rate 8.75%

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.