555 Coronation Drive, Brisbane, QLD

555 Coronation Drive Brisbane QLD Street Frontage

555 Coronation Drive, Brisbane is a prominent three storey office building constructed in 1990, which features two and a half levels of basement parking. The property has been progressively refurbished, including the most recent upgrade of the foyer and end of trip facilities. The property contains open floor plates of approximately 2,000 sqm, with good natural light and river views.

Asset summary
Property type Office
NABERS energy rating 3.5 stars
Ownership interest 100% CMA
Title Freehold
Site area 3,104 sqm
Building constructed 1990
Latest refurbishment 2017
Car park spaces 175
Tenancy summary
Net lettable area 5,568 sqm
Occupancy (by NLA) 93.3%
WALE (by income) 2.3 years
Major tenants (by gross income)
CSC Australia 40%
Panthera Finance 37%
Chandler Macleod Services 17%
Valuation summary
Most recent independent valuation $28.8m
Valuation date 31 December 2018
Valuer Savills
Capitalisation rate 7.75%

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.