The Royal Mint Centre offers the dual benefits of being positioned in the legal precinct and on one of only two streets leading to Docklands.
Modern office space, secure parking and controlled access all add to this property's appeal. 383 La Trobe street offers four levels of office accommodation and basement car parking for over 500 vehicles. This asset was sold during the period for $70.7 million, a 31% premium to the prior book value. Settlement is expected to occur in January 2017.
10,012 SQMTotal Lettable area
1.0 YearsWeighted Average lease expiry
C. Not reported as management control of the building is assigned to the tenant under the terms of the lease.
|Building grade||B Grade|
|Average floor plate||2,300sqm|
|Passing face rent||$349psqm pa net|
|Net property income||$4.6m|
|External valuation/date||$53.8m/Dec 2013|
- LEASE EXPIRY PROFILE BY INCOME
EXPIRY Jun 2017