The asset's prominent Collins Street location is in one of Melbourne’s fastest growing commercial precincts and adjoins two large commercial mixed use developments.
The property comprises an A grade boutique office development providing a strong mix of commercial office and retail space. 710 Collins provides exceptional income security with 86% leased to two State Government tenants until 2024. The recently refurbished building consists of a four level commercial building that provides access to Collins Street and connects with the two level converted historic goods shed. Its Collin's Street location connects the traditional CBD and the wider Docklands area.The property provides high quality, modern accommodation and services.
|Valuation date||December 2016|
|Acquisition date||December 2014|
|Net lettable area||11,236m2|
|WALE by income||6.9 Years|
|Rent review stucture||Fixed and CPI|
|Major tenants by income||Places Victoria and Victorian Building Authority|
|Valuation range||$90-100 million|