144 Stirling Street, Perth, WA

This A-Grade office building is on Perth’s city fringe, and comprises three upper levels of office space plus a ground level foyer and cafe. The building also features an adjoining warehouse facility to allow for secure drop off and parking. Adjoining the building are two levels of tenant car parking, located at 130 Stirling Street.

Asset summary
Property typeOffice
NABERS energy rating4.5 stars
Ownership interest100% CMA
Site area5,057 sqm
Building constructed1970
Latest refurbishment2001
Car park spaces240
Tenancy summary
Net lettable area11,042 sqm
Occupancy (by NLA)100.0%
WALE (by income)2.5 years
Major tenants (by gross income)
Minister for Works (WA)44%
Valuation summary
Most recent independent valuation$55.3m
Valuation date30 November 2017
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.