572 Swan StreetBurnley VIC 3121
Property Details for 572 Swan St, Burnley
Last Listing description (August 2023)
Dawkins Occhiuto are pleased to exclusively present for your consideration this exceptional opportunity to acquire a rare city fringe office portfolio - Botanicca 7 & 9, Swan Street, Richmond. The portfolio comprises two high quality office buildings located within the prestigious Botanicca Corporate Park, which includes the corporate headquarters of renowned companies such as FujiFilm, Bunnings Warehouse, David Jones, Country Road and Mitsubishi. Additionally, the park is home to the distinguished Element Hotel (Marriot).
Botanicca 7 comprises an established and high quality 6-level building with a total NLA of 6,587sqm* and 177 car bays. The building features substantial floor plates, complemented by expansive terraces providing excellent light-filled office accommodation. The building is currently 100% leased to multinational and national covenants including Fulton Hogan and Golder Associates. Competitive office rentals and staggered lease expiries provide a platform for future growth.
Botanicca 9 comprises an as-new 5-level building completed in 2019 with a total NLA of 6,960sqm* and 232 car bays. The building offers prime accommodation with first class end of trip facilities, glazed faade with natural light available from all sides, and attractive depreciation benefits with minimal capital expenditure required. The property is currently 67% leased to various major multinational tenants including Fujifilm, Servier Pharmaceuticals and NuVasive. There is a considerable opportunity to complete the leasing, extend the WALE and enhance the tenancy profile of this building further.
A summary of the office portfolio is as follows:
+ Combined total NLA of 13,547sqm* and 409 car spaces
+ 3% leased to a compelling tenancy profile
+ 3.8-year* WALE with staggered lease expiries
+ Net Passing Income of $6 million p.a.* with further upside
+ Estimated Fully Leased Net Income of $7.4 million p.a.*
+ Excellent depreciation allowances
+ 5.5 Star (Botanicca 7) and 5-Star (Botanicca 9) NABERS Energy Ratings
+ Substantial combined site area of 8,752 sqm*
+ Flexible Commercial 1 zoning
+ Hyper connected & popular city fringe location anchored by public transport, Yarra River trail & unique outlooks
This exceptional portfolio is offered for sale in-one-line via Expressions of Interest campaign closing Friday 8 September 2023 at 4.00pm (AEST).
Please contact exclusive selling agents, Dawkins Occhiuto for more information.
*Approximately as at 1 August 2023
^Includes 5-year renewal to Golder Associates from 1-Feb-25, lease documentation is to be finalised
Property History for 572 Swan St, Burnley, VIC 3121
- 09 Aug 2023Listed for Sale Contact Agent to Discuss
- 06 Dec 2019Listed for Rent - Price not available
- 28 Jun 2017Listed for Rent - Price not available
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0About Burnley 3121
The size of Burnley is approximately 1.1 square kilometres. It has 6 parks covering nearly 48.9% of total area. The population of Burnley in 2011 was 738 people. By 2016 the population was 791 showing a population growth of 7.2% in the area during that time. The predominant age group in Burnley is 20-29 years. Households in Burnley are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Burnley work in a professional occupation. In 2011, 48.6% of the homes in Burnley were owner-occupied compared with 48.5% in 2016.
Burnley has 632 properties. Over the last 5 years, Houses in Burnley have seen a 12.22% increase in median value, while Units have seen a 5.02% increase. As at 31 October 2024:
- The median value for Houses in Burnley is $1,438,197 while the median value for Units is $664,203.
- Houses have a median rent of $850 while Units have a median rent of $500.
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