1 Richmond Road, Keswick SA

This five-level office building is located approximately 3.5 kilometres south-west of the Adelaide central business district. The property’s external and common areas have recently been upgraded, helping to improve rents and maintain good tenancies. The building has on-grade parking for 326 vehicles.

Asset summary
Property type Office
NABERS energy rating 4 stars
Ownership interest 100%
Title Freehold
Site area 19,310 sqm
Building constructed 1985
Latest refurbishment 2016
Car park spaces 326
Tenancy summary
Net lettable area 8,100 sqm
Occupancy (by NLA) 92.1%
WALE (by income) 4.4 years
Major tenants (by gross income)
Royal District Nursing Service 40%
SA Power Networks 29%
DCNS Australia Pty Limited 24%
Valuation summary
Most recent independent valuation $26.5m
Valuation date 15 May 2016
Valuer Savills
Capitalisation rate 8.50%

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.