144 Stirling Street, Perth, WA

This A-Grade office building is on Perth’s city fringe, and comprises three upper levels of office space plus a ground level foyer and cafe. The building also features an adjoining warehouse facility to allow for secure drop off and parking. Adjoining the building are two levels of tenant car parking, located at 130 Stirling Street.

Asset summary
Property type Office
NABERS energy rating 4.5 stars
Ownership interest 100%
Title Freehold
Site area 5,057 sqm
Building constructed Approx. early 1970s
Latest refurbishment 2001
Car park spaces 240
Tenancy summary
Net lettable area 11,042 sqm
Occupancy (by NLA) 100.0%
WALE (by income) 3.4 years
Major tenants (by gross income)
Minister for Works (WA Police) 1 74%
Hatch 24%
Valuation summary
Acquisition Price $58.2m
Most recent independent valuation $55.3m
Valuation date 30 November 2017
Valuer CBRE
Capitalisation rate 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.