710 Collins Street

Melbourne VIC

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.

Ownership interest 100%
Cap rate 5.25%
Valuation date December 2016
Acquisition date December 2014
Site area 7,795m2
Net lettable area 10,987m2
Occupancy 98%
WALE by income 6.0 Years
Rent review stucture Fixed and CPI
Major tenants by income Minister of Finance and Victorian Buidling Authority (VBA)
Parking spaces 0
Valuation range $80-100 million