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Location
The property is located in Gepps Cross approximately 10 kilometres north of Adelaideís CBD. This position provides easy access to Adelaideís North and Eastern Suburbs via road and rail.
Description
This Woolworths Regional Distribution Centre was purpose-built in 1996 and extended in 2005. It incorporates ambient warehouse space, a chilled produce warehouse, a freezer warehouse and a modern two-level office building. During FY20, the property underwent a significant expansion which included extension of the warehouse facilities, construction of a new returns transfer facility and installation of a 1.6 MVa roof-top solar system.
Asset summary
as at 30 June 2020
Title
Freehold
Site area
233,500 sqm
Lettable area
91,686 sqm
Occupancy
100 %
WALE (by income)
14.9 years
Major tenant
Woolworths
Valuation summary
Book value
$ 186.0 m
Valuation date
30-Jun-20
Cap rate
5.00 %
Discount rate
6.00 %
Location
The property is located in Gepps Cross approximately 10 kilometres north of Adelaideís CBD. This position provides easy access to Adelaideís North and Eastern Suburbs via road and rail.
Description
This Woolworths Regional Distribution Centre was purpose-built in 1996 and extended in 2005. It incorporates ambient warehouse space, a chilled produce warehouse, a freezer warehouse and a modern two-level office building. During FY20, the property underwent a significant expansion which included extension of the warehouse facilities, construction of a new returns transfer facility and installation of a 1.6 MVa roof-top solar system.