42-46 Colin Street, West Perth, WA

This property is a modern, A-Grade commercial office building that is located close to the Western Australia parliamentary precinct. This four-story building is well serviced by free public transport and contains premium end of trip facilities.  The major tenant, Insurance Australia Group (ASX:IAG), occupies three levels.

Asset summary
Property typeOffice
NABERS energy rating3.5 stars
Ownership interest100% CMA
TitleLeasehold
Site area5,147 sqm
Building constructed2002
Latest refurbishment2017
Car park spaces145
Tenancy summary
Net lettable area8,462 sqm
Occupancy (by NLA)100.0%
WALE (by income)4.3 years
Major tenants (by gross income)
Insurance Australia Group Ltd (IAG Group)83%
Valuation summary
Most recent independent valuation$33.6m
Valuation date30 November 2017
ValuerSavills
Capitalisation rate7.50%

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.