154 Melbourne Street, South Brisbane, QLD

154 Melbourne Street, South Brisbane, QLD

154 Melbourne Street, South Brisbane is an 11 storey A-Grade office building that was completed in 2009. The building incorporates two basement levels of car parking, ground level foyer and retail accommodation as well as 10 upper levels of office accommodation.

Asset summary
Property typeOffice
NABERS energy rating5.0 stars
Ownership interest100% CMA
TitleFreehold
Site area1,845
Building constructed2009
Car park spaces102
Tenancy summary
Net lettable area (by NLA)11,312
Occupancy (by NLA)85.7%
WALE (by income)2.6 years

 

Major tenants (by gross income)
Department Housing & Public Works (QLD)70%
Frasers Property12%
Klohn Crippen Berger (KCB)11%

 

Valuation summary
Most recent independent valuation$76.0m
Valuation date30 November 2017
ValuerColliers
Capitalisation rate (current)6.75%

This information is accurate as at 31 December 2018. 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.