599 Main North Road, Gepps Cross, SA

This is a Woolworths Regional Distribution Centre, constructed circa 1996, and incorporates ambient warehouse space, a chilled produce warehouse, a freezer warehouse and a modern two-level office building.

   
Interest Freehold
Book Value as at 30/06/2019: $126.0 million
Valuer: Urbis
Cap Rate: 5.3%
Discount Rate: 6.8%
Major tenant: Woolworths
Weighted Average Lease Expiry: 16.0 years
Lettable area: 67,238 sqm
Site area: 233,500 sqm

1-3 Pope Court, Beverley, SA

A newly constructed warehouse currently split into three separate tenancies but able to be reconfigured to meet future tenant demand.

   
Interest Freehold
Book Value as at 30/06/2019: $21.9 million
Valuer: Knight Frank
Cap Rate: 7.5%
Discount Rate: 8.0%
Major tenant: Aluminium Specialties Group
Weighted Average Lease Expiry: 2.1 years
Lettable area: 14,459 sqm
Site area: 25,660 sqm

12-16 Butler Boulevard, Adelaide Airport, SA

This property is a modern single-level office and warehouse complex located in the Adelaide Airport business park.

   
Interest Leasehold expiring 2048 plus 49 year option
Book Value as at 30/06/2019: $15.9 million
Valuer: Directors
Cap Rate: 8.0%
Discount Rate: 8.3%
Major tenant: Cheap as Chips
Weighted Average Lease Expiry: 1.4 years
Lettable area: 16,800 sqm
Site area: 30,621 sqm

10 Butler Boulevard, Adelaide Airport, SA

A modern two-level office and warehouse facility with drive-around configuration located in the Adelaide Airport business park.

   
Interest Leasehold expiring 2048 plus 49 year option
Book Value as at 30/06/2019: $9.4 million
Valuer: Directors
Cap Rate: 8.4%
Discount Rate: 8.0%
Major tenant: Toll Transport
Weighted Average Lease Expiry: 2.6 years
Lettable area: 8,461 sqm
Site area: 16,100 sqm
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