OwnerGDI Property Trust, part of the listed GDI Property Group
Independent valuation date31 December 2018
Independent valuation$58.5 million
Rate/sqm of NLA$8,181
Capitalisation rate7.00%
Discount rate7.25%
NLA Total (sqm)7,150
Typical floor plate (sqm)735
Car parking56
Occupancy (by NLA)85%
WALE (by NLA)1.9 years
NABERS Energy rating5.0 stars

Property Overview

The first building in the Mill Green Complex to be developed, 5 Mill Street was completed in 1972 and was extensively refurbished in 2013.  The building provides office accommodation over ground, basement and 10 upper floors.

The main entrance lobby has primary access directly to the Mill Street plaza area, which is a large forecourt linking all three buildings in the Mill Green Complex. The double height lobby provides access to the single lift riser as well as ground floor offices.

5 Mill Street enjoys views across the Swan River from the fourth level upwards. Typical floors have an average foot plate size of approximately 735 sqm. All floors are column free with a central service core incorporating the lift, toilet and kitchen facilities.

Major Tenants