Located in the north-eastern sector of the Melbourne CBD, this A-grade building with 65,914sqm of NLA includes 43 levels of office space along with a ground floor retail component.

This asset offers 4-star NABERS Energy rating, and is situated in a great location close to major transport links, parks, hotels, restaurants, caf├ęs and leading retail precincts.

Highlights

  • 65,914 SQM
    Total Lettable area
  • $257.5 million
    Book
    Value
  • 3.9 Years
    Weighted Average lease expiry
  • 4.0
    4.5
    Stars
    Energy | water Nabers Rating

Key Features

Building grade A Grade
Ownership 50%
Acquired/built/refurbished 2012/1992/2010
Car spaces 346
Lettable area 65,914sqm
Average floor plate 1,470sqm
Passing face rent $517psqm pa net
Net property income $17.0m
External valuation/date $257.5m/Nov 2015
Value/lettable area $7,813psqm
Book value $257.5m
Cap rate 6.25%
Discount rate 7.50%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
0% OCCUPANCY 100%
FY17
0%
FY18
0%
FY19
0%
FY20 97%
FY21
1%
BEYOND
0%

Major Tenants

Telstra 63,822sqm 97% of NLA

EXPIRY May 2020