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.

Highlights

  • 10,012 SQM
    Total Lettable area
  • $70.5 million
    Book
    Value
  • 1.0 Years
    Weighted Average lease expiry
  • C
    C

    Stars
    Energy | water Nabers Rating

C. Not reported as management control of the building is assigned to the tenant under the terms of the lease.

Key Features

Building grade B Grade
Ownership 100%
Acquired/built/refurbished 1994/1988/NA
Car spaces 529
Lettable area 10,012sqm
Average floor plate 2,300sqm
Passing face rent $349psqm pa net
Net property income $4.6m
External valuation/date $53.8m/Dec 2013
Value/lettable area $5,379psqm
Book value $70.5m
Cap rate NA
Discount rate NA
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
0% OCCUPANCY 100%
FY17100%
FY18
0%
FY19
0%
FY20
0%
FY21
0%
BEYOND
0%

Major Tenants

Australian Federal Police 10,012sqm 100% of NLA

EXPIRY Jun 2017