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Location
The property is located within the Adelaide Airport precinct, approximately seven kilometres from the Adelaide CBD. The location is sought after due to its close proximity to the airport and surrounding key roadways connecting the northern and southern suburbs.
Description
This purpose-built facility was constructed in 2005 and comprises a high-clearance warehouse with loading to each elevation and drive-around configuration. A two-level office adjoins the front of the warehouse.
Asset summary
as at 30 June 2021
Title
Leasehold
Site area
16,100 sqm
Lettable area
8,461 sqm
Occupancy
100 %
WALE (by income)
0.6 years
Major tenant
Toll Transport
Valuation summary
Book value
$ 8.9 m
Valuation date
30-Jun-21
Cap rate
7.34 %
Discount rate
7.25 %
Location
The property is located within the Adelaide Airport precinct, approximately seven kilometres from the Adelaide CBD. The location is sought after due to its close proximity to the airport and surrounding key roadways connecting the northern and southern suburbs.
Description
This purpose-built facility was constructed in 2005 and comprises a high-clearance warehouse with loading to each elevation and drive-around configuration. A two-level office adjoins the front of the warehouse.