36 George Street, Burwood
The property comprises an office building over five levels with associated basement car parking. The property is located in central Burwood, approximately 10 km west of the Sydney CBD.
Tenant leasing and building information is available at 36georgestreetburwood.com
Property details
| Location |
36 George Street, Burwood NSW |
| Date acquired |
April 1999 |
| CPA ownership |
100% |
Lease expiry profile by income
* Includes vacancies and holdovers
Property breakdown
|
Area (NLA)(sqm) |
%NLA |
%Income |
| Office |
14,179 |
100 |
79 |
Retail |
- |
- |
- |
Carpark |
416 spaces |
- |
20 |
Other |
- |
- |
1 |
Total |
14,179 |
100 |
100 |
Typical floor plate |
3,000 |
|
|
Valuation
| Valuation ($M) |
54.0 |
| Valuation date |
March 2012 |
| Capitalisation rate (%) |
8.50 |
| Discount rate (%) |
9.50 |
| Terminal yield (%) |
8.75 |
| Discounted cash flow (DCF)(years) |
10 |
| Book value($M) |
54.3 |
Income (six months to December)
| Net Income to CPA($M) |
1.8 |
Major tenants
|
%NLA |
Expiry date |
Next major review date |
| NSW Government Rail Corporation |
78 |
Oct 2018 |
Nov 2013 |
| Hewlett-Packard Australia |
22 |
Sep 2013 |
Nil |
Office statistics
| Vacancy (%) |
- |
| Average passing rent(occupied office)($/sqm)* |
442 |
| Over/(Under) renting (%) |
1.0 |
| Weighted average lease term by income (years) |
4.6 |
| Review type for six months to June 2013 (by area) |
14,179sqm - 100% Fixed |
| Outgoings - statutory($/sqm) |
22 |
| Outgoings - non-statutory($/sqm) |
98 |
| Outgoings - recoverable (%) |
100 |
| Gross leases (area) (%) |
- |
| Net leases (area) (%) |
100 |
* Represents base rent plus recoveries, including increases over base years.
