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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 property was built in 2005 and comprises a warehouse complex featuring high-clearance accommodation with a main loading area and large hardstand. A single-level office adjoins the warehouse. The property is being upgraded to an automated parcel sorting facility along with other site improvements.
Asset summary
as at 30 June 2021
Title
Leasehold
Site area
30,621 sqm
Lettable area
16,835 sqm
Occupancy
100 %
WALE (by income)
10.1 years
Major tenant
Australia Post
Valuation summary
Book value
$ 17.7 m
Valuation date
30-Jun-21
Cap rate
6.34 %
Discount rate
6.50 %
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 property was built in 2005 and comprises a warehouse complex featuring high-clearance accommodation with a main loading area and large hardstand. A single-level office adjoins the warehouse. The property is being upgraded to an automated parcel sorting facility along with other site improvements.