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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. It incorporates ambient warehouse space, a chilled produce warehouse, a freezer warehouse and a modern two-level office building. It is currently undergoing a significant expansion which includes extension of the warehouse facilities and construction of a new recycling facility.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
233,500 sqm
Lettable area
67,238 sqm
Occupancy
100 %
WALE (by income)
15.5 years
Major tenant
Woolworths
Valuation summary
Book value
$ 152.0 m
Valuation date
31-Dec-19
Cap rate
5.25 %
Discount rate
6.75 %
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. It incorporates ambient warehouse space, a chilled produce warehouse, a freezer warehouse and a modern two-level office building. It is currently undergoing a significant expansion which includes extension of the warehouse facilities and construction of a new recycling facility.