483-517 Kingsford Smith Drive, Brisbane, QLD

438-517 Kingsford Smith Drive, Brisbane, QLD

483-517 Kingsford Smith Drive, Brisbane was completed in May 2013, and comprises two modern commercial office buildings. Kingsford Smith Drive comprises ground floor retail space featuring a small format Woolworths supermarket and five retail tenancies, plus five upper levels of office space. Central Retail Building comprises ground floor retail for five tenants and one level of office space. Basement parking is provided for 192 vehicles, with additional parking within the plaza for 69 vehicles.

Asset summary
Property typeOffice
NABERS energy rating5.0 stars
Ownership interest100% CMA
TitleFreehold
Site area15,300 sqm
Building constructed2013
Car park spaces261
Tenancy summary
Net lettable area9,322 sqm
Occupancy (by NLA)100%
WALE (by income)5.9 years
Major tenants (by gross income)
Domino’s Pizza39%
Devine20%
Collins Restaurants Management14%
Valuation summary
Most recent independent valuation$77.0m
Valuation date30 November 2017
ValuerColliers
Capitalisation rate6.25%

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.