54 Marcus Clarke Street, Canberra ACT

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54 Marcus Clarke Street, Canberra is located in the western core of Canberra’s central business district, and features nine levels of office accommodation, ground floor retail space, a two-storey podium to Rudd Street and one level of basement car parking. The building has recently undergone a major refurbishment, which included the ground floor foyer, various lift lobbies, signage and external paving.

Asset summary
Property typeOffice
NABERS energy rating3.5 stars
Ownership interest100% CMA
TitleLeasehold
Site area1,667 sqm
Building constructed1986
Latest refurbishment2016
Car park spaces53
Tenancy summary
Net lettable area5,171 sqm
Occupancy (by NLA)94.7%
WALE (by income)3.8 years
Major tenants (by gross income)
Key Chambers12%
Clarity Financial Group11%
JWLand Developments10%
Valuation summary
Most recent independent valuation$20.9m
Valuation date30 June 2018
ValuerKnight Frank
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.