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Location

The property is located on Dorcas Street in South Melbourne and is approximately 1.5 kilometres from the Melbourne CBD. It is within the Southbank office precinct and is close to local amenities, parks and transport services.

Description

The building was constructed in 2002 and then partly refurbished in 2015. It comprises 10 levels of A-Grade office space, with additional large ground floor retail, plus show room area to the front. Car parking is provided over four levels.

Amenities
End of trip
Parking
Nearby transport
Cafe
Sustainability ratings
4.0
NABERS Energy rating
2.0
NABERS Water rating
Asset summary
as at 31 December 2019
Title
Freehold
Site area
9,632 sqm
Lettable area
23,811 sqm
Occupancy
100 %
WALE (by income)
4.8 years
Major tenant
ANZ Banking Group
NABERS Energy rating
4.0 stars
Valuation summary
Book value
$ 217.5 m
Valuation date
31-Dec-19
Cap rate
5.38 %
Discount rate
6.50 %
Location

The property is located on Dorcas Street in South Melbourne and is approximately 1.5 kilometres from the Melbourne CBD. It is within the Southbank office precinct and is close to local amenities, parks and transport services.

Description

The building was constructed in 2002 and then partly refurbished in 2015. It comprises 10 levels of A-Grade office space, with additional large ground floor retail, plus show room area to the front. Car parking is provided over four levels.