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 | |
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