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Location

The property is located within the Perth Airport precinct, approximately 15 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 industrial buildings of varying sizes mostly utilised for warehouse accommodation with one workshop. Each separate site includes office accommodation and car spaces.

Asset summary
as at 31 December 2020
Title
Leasehold
Site area
57,617 sqm
Lettable area
32,018 sqm
Occupancy
100 %
WALE (by income)
5.2 years
Major tenant
Mainfreight
Valuation summary
Book value
$ 50.1 m
Valuation date
31-Dec-20
Cap rate
7.24 %
Discount rate
7.40 %
Location

The property is located within the Perth Airport precinct, approximately 15 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 industrial buildings of varying sizes mostly utilised for warehouse accommodation with one workshop. Each separate site includes office accommodation and car spaces.