Address/Location |
: |
Corner Exhibition and Lonsdale Streets, Melbourne, Victoria. |
Property description |
: |
16-storey hotel building comprising 189 rooms with 5 split levels of car park. |
Property type |
: |
Hotel |
Age |
: |
Approximately 41 years |
Title details |
: |
Lot 1 on Plan of Subdivision 349277H (Volume 10323
Folio 372) and Lot 1 on Plan of Subdivision 349276K
(Volume 10323 Folio 375) in the Local Government Area
of City of Melbourne Council and Parish of North Melbourne. |
Encumbrances/Limitation in title/ interest |
: |
The property is charged to secure financing and there is
no restriction attached to the title. |
Status of holdings |
: |
Freehold |
Existing use |
: |
Commercial building |
Parking spaces |
: |
Approximately 80 bays |
Average occupancy rate |
: |
71.40% |
Date of acquisition |
: |
29 November 2012 |
Cost of acquisition(including incidentals) |
: |
AUD56,404,000 |
Fair value adjustments for the financial year |
: |
AUD4,049,000 or RM12,224,000 |
Market value |
: |
AUD80,000,000 |
Date of last valuation |
: |
31 May 2023 |
Independent valuer |
: |
CIVAS (NSW) Pty Limited |
Net book value |
: |
RM248,308,000 |