36 & 58 Tarlton Crescent and 2 & 10 Hugh Edwards Drive, Perth Airport, WA

Four modern warehouses which form part of the Perth Airport precinct

   
Interest Leasehold expiring 2047 plus 49 year option
Book Value as at 31/12/2018: $47.9 million
Valuer: Directors
Cap Rate: 7.6%
Discount Rate: 8.1%
Major tenant: Mainfreight Distribution
Weighted Average Lease Expiry: 5.3 years
Lettable area: 32,018 sqm
Site area: 57,617 sqm

1500 Ferntree Gully Road & 8 Henderson Road, Knoxfield, VIC

Modern office and warehouse facility with adjoining expansion land and extensive car parking

   
Interest Freehold
Book Value as at 31/12/2018: $45.0 million
Valuer: Directors
Cap Rate: 5.8%
Discount Rate: 7.0%
Major tenant: Brown & Watson International
Weighted Average Lease Expiry: 7.0 years
Lettable area: 22,009 sqm
Site area: 40,844 sqm

51-65 Lenore Drive, Erskine Park, NSW

A truck wash and maintenance facility with extensive hardstand.

   
Interest Freehold
Book Value as at 31/12/2018: $36.7 million
Valuer: Urbis
Cap Rate: 5.5%
Discount Rate: 7.0%
Major tenant: Linfox
Weighted Average Lease Expiry: 9.2 years
Lettable area: 3,720 sqm
Site area: 36,720 sqm

9-11 Drake Boulevard, Altona, VIC

Three adjoining distribution warehouses each with separate street access, mezzanine office, Early Suppression Fast Response sprinklers and environmentally sustainable design features.

   
Interest Freehold
Book Value as at 31/12/2018: $35.0 million
Valuer: m3property
Cap Rate: 6.3%
Discount Rate: 7.0%
Major tenant: Peter Stevens Motorcycles
Weighted Average Lease Expiry: 4.1 years
Lettable area: 25,743 sqm
Site area: 41,730 sqm

40 Annandale Road, Melbourne Airport, VIC

A modern distribution centre featuring two separate office/warehouse buildings which were constructed at various stages between 2002 and 2009.

   
Interest Leasehold expiring 2047
Book Value as at 31/12/2018: $34.0 million
Valuer: Directors
Cap Rate: 8.0%
Discount Rate: 7.0%
Major tenant: Australian Postal Corporation
Weighted Average Lease Expiry: 5.5 years
Lettable area: 44,424 sqm
Site area: 75,325 sqm

Lots 2, 3 & 4, 34-54 Raglan Street, Preston, VIC

A manufacturing and distribution facility featuring three separate office/warehouse buildings.

   
Interest Freehold
Book Value as at 31/12/2018: $29.0 million
Valuer: CBRE
Cap Rate: 6.5%
Discount Rate: 7.0%
Major tenant: Paper Australia
Weighted Average Lease Expiry: 0.7 years
Lettable area: 26,980 sqm
Site area: 42,280 sqm
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