576 Swan Street, Richmond, Melbourne, VIC

swan-st-richmond-large

576 Swan Street, Richmond is a five level, A-Grade commercial office building completed in 2013. It features large office plates ranging from 1,500sqm to 2,300sqm, allowing for 8,049 sqm of office accommodation across levels 1 to 4. There is also ground floor retail space as well as ground level and basement car parking.

Asset summary
Property typeOffice
NABERS energy rating5.0 stars
Ownership interest100% CMA
TitleFreehold
Site area4,499 sqm
Building constructed2013
Car park spaces209
Tenancy summary
Net lettable area8,331 sqm
Occupancy (by NLA)100%
WALE (by income)3.2 years
Major tenants (by gross income)
General Electric International Inc.58%
Forever New Clothing38%
Valuation summary
Most recent independent valuation$62.0m
Valuation date30 November 2017
ValuerColliers
Capitalisation rate5.75%

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.