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Location

The property is located within the Perth Airport precinct, approximately 10 kilometres from the Perth CBD. It has access to both air and road services with major arterials, Leach, Tonkin and Roe Highways, all within a short distance.

Description

This property is a Woolworths Regional Distribution Centre, purpose-built in 2007 and expanded in 2009. The property features temperature-controlled warehousing with multiple loading docks and office spaces throughout. It has extensive undercover parking for cars, trucks and trailers.

Asset summary
as at 31 December 2019
Title
Leasehold
Site area
193,936 sqm
Lettable area
80,374 sqm
Occupancy
100 %
WALE (by income)
5.8 years
Major tenant
Woolworths
Valuation summary
Book value
$ 177.5 m
Valuation date
31-Dec-19
Cap rate
6.07 %
Discount rate
7.00 %