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Location

The property is located within the Adelaide Airport precinct, approximately seven kilometres from the Adelaide CBD.

Description

This purpose-built facility was constructed in 2005 and comprises a single-level office and a high-clearance warehouse complex to the rear.

Asset summary
as at 31 December 2019
Title
Leasehold
Site area
16,100 sqm
Lettable area
8,461 sqm
Occupancy
100 %
WALE (by income)
2.1 years
Major tenant
Toll Transport
Valuation summary
Book value
$ 9.9 m
Valuation date
31-Dec-19
Cap rate
7.90 %
Discount rate
7.75 %