Westpac Building, Kogarah

4-16 Montgomery Street, Kogarah NSW

The property is an A-grade commercial office building, constructed in 1990 and comprising five levels of office space and parking for 597 vehicles.

The property is currently leased to Westpac Banking Corporation, which occupies 100% of the property on a long-term 20 year lease with approximately 18 years remaining.

The building underwent an extensive refurbishment in 2015, which included base building works, upgrades to plant and equipment and tenant fitout works. 

Tenant NLA (sqm) NLA (%) Expiry (date) Review (%/CPI)
Westpac 31,354 99% Sep-34 CPI 4
Westpac (Branch) 370 1% Sep-21 CPI 4
MAP

1 By gross passing income (REIT ownership interest).
2 Shown on a 100% basis.
3 NLA shown on a 100% basis, gross passing income based on REIT ownership interest.
4 Annual CPI reviews subject to a ratchet and an annual cap of 5%.