203 Pacific Highway, St Leonards


 Acquisition Price $43.0 m (50%)
  • Acquired a 50% share in December 2015.
  • Located in the heart of St Leonards.
  • Property consists of a fully leased, modern commercial office building underpinned by three strong covenants in the form of Primary Health Care, Cardno and Verizon Australia.
  • At acquisition the property featured an attractive Weighted Average Lease Expiry (WALE) of 5 years by area and contains healthy fixed annual rent reviews of between 3.75% and 5.00% p.a.

Important information: Recent acquisitions detail information that was current at the time the property was acquired. Case studies are in summary form only and do not contain current valuation or performance information in relation to any of the properties noted.