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Location
The property is located within the Perth Airport precinct, approximately 10 kilometres from the Perth CBD. It has access to both air and road services with major arterials,†the Leach, Tonkin and Roe Highways, all within a short distance.
Description
This asset comprises four modern office/warehouse buildings with on site parking.
Asset summary
as at 30 June 2020
Title
Leasehold
Site area
57,617 sqm
Lettable area
32,018 sqm
Occupancy
91 %
WALE (by income)
5.4 years
Major tenant
Mainfreight
Valuation summary
Book value
$ 49.3 m
Valuation date
30-Jun-20
Cap rate
7.36 %
Discount rate
7.72 %
Location
The property is located within the Perth Airport precinct, approximately 10 kilometres from the Perth CBD. It has access to both air and road services with major arterials,†the Leach, Tonkin and Roe Highways, all within a short distance.
Description
This asset comprises four modern office/warehouse buildings with on site parking.