| 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 |
