1 Richmond Road, Keswick SA

1 Richmond Road, Keswick SA

1 Richmond Road, Keswick is a five-level office building located approximately 3.5 kilometres south-west of the Adelaide central business district. The property’s external and common areas have recently been upgraded, helping to improve rents and maintain good tenancies. The building has on-grade parking.

Asset summary
Property typeOffice
NABERS energy rating4.0 stars
Ownership interest100% CMA
TitleFreehold
Site area19,310 sqm
Building constructed1985
Latest refurbishment2016
Car park spaces326
Tenancy summary
Net lettable area8,087 sqm
Occupancy (by NLA)100.0%
WALE (by income)4.5 years
Major tenants (by gross income)
Royal District Nursing Service of SA Inc44%
Naval Group Australia28%
SA Power Networks27%
Valuation summary
Most recent independent valuation$33.0m
Valuation date30 June 2018
ValuerJLL
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.