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Location

The property is located in Gepps Cross approximately 10 kilometres north of Adelaide's CBD. This position provides easy access to Adelaide's north and eastern suburbs via road and rail.

Description

This Woolworths Regional Distribution Centre was purpose built in 1996 and extended in 2005 and 2020. It incorporates ambient and temperature-controlled warehouse space, a returns transfer facility and a modern two-level office building. The expansion in 2020 included installation of a 1.6 MVa roof-top solar system.

Asset summary
as at 30 June 2021
Title
Freehold
Site area
233,500 sqm
Lettable area
91,686 sqm
Occupancy
100 %
WALE (by income)
13.9 years
Major tenant
Woolworths
Valuation summary
Book value
$ 224.5 m
Valuation date
30-Jun-21
Cap rate
4.25 %
Discount rate
5.25 %
Location

The property is located in Gepps Cross approximately 10 kilometres north of Adelaide's CBD. This position provides easy access to Adelaide's north and eastern suburbs via road and rail.

Description

This Woolworths Regional Distribution Centre was purpose built in 1996 and extended in 2005 and 2020. It incorporates ambient and temperature-controlled warehouse space, a returns transfer facility and a modern two-level office building. The expansion in 2020 included installation of a 1.6 MVa roof-top solar system.