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Location
The property is located 20 kilometres south of the Brisbane CBD in the Motorway Business Park, ideally positioned for logistics and distribution. The property has access via two frontages and direct access to the Logan Motorway, a major arterial for the city.
Description
The property was purpose-built for Woolworths in 2007. It comprises a multi-level facility consisting of office, refrigerated control facilities and room temperature warehousing.
Asset summary
as at 30 June 2020
Title
Leasehold
Site area
250,900 sqm
Lettable area
76,109 sqm
Occupancy
100 %
WALE (by income)
1.7 years
Major tenant
Woolworths
Valuation summary
Book value
$ 239.0 m
Valuation date
30-Jun-20
Cap rate
6.00 %
Discount rate
6.50 %
Location
The property is located 20 kilometres south of the Brisbane CBD in the Motorway Business Park, ideally positioned for logistics and distribution. The property has access via two frontages and direct access to the Logan Motorway, a major arterial for the city.
Description
The property was purpose-built for Woolworths in 2007. It comprises a multi-level facility consisting of office, refrigerated control facilities and room temperature warehousing.