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 type Office
NABERS energy rating 4.0 stars
Ownership interest 100% CMA
Title Freehold
Site area 19,310 sqm
Building constructed 1985
Latest refurbishment 2016
Car park spaces 326
Tenancy summary
Net lettable area 8,087 sqm
Occupancy (by NLA) 100.0%
WALE (by income) 4.5 years
Major tenants (by gross income)
Royal District Nursing Service of SA Inc 44%
Naval Group Australia 28%
SA Power Networks 27%
Valuation summary
Most recent independent valuation $33.0m
Valuation date 30 June 2018
Valuer JLL
Capitalisation rate 7.50%

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.