Investment Portfolio
181 Great Eastern Highway, Belmont, Perth
The Belmont property is one of five properties in Stockland Direct Office Trust No.3. Find out more
The Property is a B grade commercial building providing three levels of office accommodation above an undercover car park with 43 car spaces, with another 66 bays surrounding the building on-grade and a further 126 car spaces on a separate parcel of land located to the south east of the building. The building's elevated position provides views of the Swan River and the Perth CBD skyline.
The Property is located in Belmont, an inner metropolitan commercial and industrial precinct located approximately 5.5 kilometres east of the Perth CBD. Belmont benefits from its easy access to the Great Eastern Highway and is in a strategic location between Perth's CBD and domestic airport.
The Property is fully leased to Telstra Corporation Limited ("Telstra") which has been a tenant since 1999. Telstra's lease expires in August 2011.
Key Information
| Location: | 181 Great Eastern Highway, Belmont WA |
| Acquisition Date: | June 2007 (upon Allotment of units) |
| Ownership/Title: | 100% / Freehold |
| Independent Valuation: | 30 June 2008 |
| Valuation ($/m2): | $18.8 million ($4,658/m²) |
| Net Lettable Area: | 4,036m² |
| Car Parking Spaces: | 235 |
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