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Location

The property is located in the Kembla Grange industrial precinct, approximately 10 kilometres from the Wollongong CBD. It has direct access to both the Princes Highway and Princes Motorway and is near the port.

Description

This property is used as a motor vehicle storage facility and comprises bitumen sealed pavement, hail mesh, security gate house and perimeter fencing, plus a vehicle wash bay facility.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
141,100 sqm
Lettable area
355 sqm
Occupancy
100 %
WALE (by income)
10.8 years
Major tenant
Autocare Services
Valuation summary
Book value
$ 28.6 m
Valuation date
31-Dec-19
Cap rate
5.75 %
Discount rate
7.00 %