Riverside Quay, Southbank, VIC
DESCRIPTION
A modern office complex comprising three separate buildings with ground floor retail and a single level of basement parking. The buildings have excellent natural light with views across the Yarra River and the CBD. A separate building at the rear incorporates a 560 space car park. The ground floor retail space has undergone a significant refurbishment.
SUMMARY INFORMATION | |
GRADE | A Grade |
OWNERSHIP | 100% MPT |
NLA | 31,348 sqm |
CARSPACES | 163 |
ACQUISITION DATE | Apr 02 ( 1 & 3) Jul 03 (2) |
LAST EXTERNAL VALUATION DATE | 31 Dec 11 |
VALUATION AT 31 DEC 11 | $155.0m |
VALUER | SAVILLS |
CAPITALISATION RATE | 7.75% |
DISCOUNT RATE | 9.25% |
GROSS OFFICE RENT | $435/sqm |
MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
URS AUSTRALIA | 4,663 | Feb 14 |
STA TRAVEL PTY LIMITED | 1,566 | Oct 19 |
LEASE EXPIRY PROFILE % AREA | |