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Macquarie Office Trust

Property portfolio

Australian Taxation Office, Northbridge, WA

Description

A modern office building wiith five levels of office accommodation leased in its entirety to the ATO. There are 10 retail units on the ground floor and the building is located in Northbridge, on the fringe of the Perth CBD.

The Trust has a 100% interest in the building.

Address 45 Francis Street, Northbridge
Type Commercial office building with ground floor retail
Purchase price $58.3 million (Dec 93)
December 2008 valuation $98.0 million
Title Freehold
Net lettable area 22,013 sqm
Occupancy 100%
Car parks 100 spaces
Gross rent Approximately $10.1 million pa
Tenant Commonwealth of Australia (ATO)
Rent review structure Retail leases, predominantly CPI or fixed
Building completed 1992
Capital value per
square metre
$4,452
Latest independent valuation December 2008 - $98.0 million

Information correct as at 31 December 2008.


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  Important information | Privacy policy
Macquarie Group Limited
 
  This information has been prepared by Macquarie Office Management Limited ABN 75 006 765 206 (MOML), a wholly owned subsidiary of Macquarie Group Limited ABN 94 122 169 279 (Macquarie Group) and the responsible entity of Macquarie Office Trust (Macquarie Office or Trust) for general information purposes only, without taking into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should consider whether you should obtain financial, legal and/or taxation advice.

MOML does not receive fees in respect of the general financial product advice it may provide, however it will receive fees for operating the Trust which, in accordance with the Trust's constitution, are calculated by reference to the value of the assets and the performance of the Trust. Entities within the Macquarie Group may also receive fees for managing the assets of, and providing resources to the Trust. For more detail on fees, see the Trust's latest annual report. To contact us, call 1300 365 585 (local call cost).

Past performance is not a reliable indicator of future performance. Due care and attention has been exercised in the preparation of any forecast information, however, forecasts, by their very nature, are subject to uncertainty and contingencies, many of which are outside the control of MOML. Actual results may vary from any forecasts and any variation may be materially positive or negative.

Macquarie Office Management Limited (MOML) is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MOML's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL provides a limited $17.5 million guarantee to the Australian Securities and Investments Commission in respect of MOML's Corporations Act obligations as a responsible entity of managed investment schemes. Neither MBL nor any other Macquarie Group entity otherwise provides assurances in respect of the obligations of MOML.