52 Collins Street, Melbourne

Overview

52 Collins Street, Melbourne, is a 3,454 square metre B-Grade office building, located in the Eastern Core (“Paris End”) of the Melbourne CBD. The freehold building adjoins our 60 Collins Street property.

This historic building also benefits from close proximity to numerous transport options with immediate access to tram services along Collins Street and Parliament Station just one block away.

Property Information

  • Building typeB Grade - office
  • Year built1989
  • TitleFreehold
  • Metro areaMelbourne CBD
  • ZoningBusiness 2 Zone 1 (B2Z)
  • Site area (hectares)0.1
  • Lettable area ('000sqm)3.5
  • Lettable area adjusted for ownership ('000sqm)3.5
  • Number of buildings1
  • Typical floor area (sqm)275
  • Car parking spaces2
  • OwnerDXS
  • Ownership (%)100
  • Major tenantOptus Networks
  • Acquisition dateJuly 2019
  • Book value at ownership ($m)44.1
  • Independent valuation dateJune 2021
  • Independent valuation at ownership ($m)44.1
  • Market cap rate (%)4.00
  • Initial yield (%)1.15
  • Leased by area (%)58
  • Weighted lease term by income (years)0.8

  • NABERS Energy rating (with Green Power)N/A
  • NABERS Energy rating (without Green Power)4.0
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water rating3.5
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