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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 property comprises a single-level office and warehouse complex featuring high-clearance and three loading zones.

Asset summary
as at 31 December 2019
Title
Leasehold
Site area
30,621 sqm
Lettable area
16,800 sqm
Occupancy
100 %
WALE (by income)
0.9 years
Major tenant
Cheap as Chips
Valuation summary
Book value
$ 15.2 m
Valuation date
31-Dec-19
Cap rate
8.14 %
Discount rate
8.00 %
Location

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

Description

This purpose-built property comprises a single-level office and warehouse complex featuring high-clearance and three loading zones.