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Location

The property is located approximately seven kilometres north-west of Adelaide's CBD with easy access to major transport routes including Port Road, and the Port of Adelaide.

Description

The property was built in 2015 and is made up of three adjoining warehouses with internal mezzanine offices, each with separate access points.

Asset summary
as at 31 December 2020
Title
Freehold
Site area
25,660 sqm
Lettable area
14,459 sqm
Occupancy
77 %
WALE (by income)
2.3 years
Major tenant
Aluminium Specialties Group
Valuation summary
Book value
$ 22.9 m
Valuation date
31-Dec-20
Cap rate
7.00 %
Discount rate
7.50 %
Location

The property is located approximately seven kilometres north-west of Adelaide's CBD with easy access to major transport routes including Port Road, and the Port of Adelaide.

Description

The property was built in 2015 and is made up of three adjoining warehouses with internal mezzanine offices, each with separate access points.