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509 Boundary Road, Richlands, QLD

509 Boundary Road is an office/warehouse facility constructed in 1995 and subsequently expanded in April 1996. Forming part of the Richlands Industrial Estate, the property is 14km from the Brisbane CBD. The Richlands industrial area is serviced by three major arterial roads: Centenary Highway, Ipswich Road and Logan Motorway, which links the property with the CBD and the Gold Coast.
Location: South Brisbane, QLD
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $17.1 million
Independent valuation: June 2009
Valuation/($/m2): $18.0 million ($1,095/m2)
Capitalisation rate: 9.25%
Discount rate: 10.00%
Lettable area: 16,440m2
Site area: 3.9 hectare
Major Tenants GLA (m2)
EW Reinforcement 9,193
Australian Brushware Corporation 7,247
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 0%
FY13 0%
FY14+ 100%

2 Davis Road, Wetherill Park, NSW

This property is a modern office/warehouse building which was completed in 1990. The building has three high clearance warehouse bays and has further development potential to the rear with only 38% existing site cover.
Location: Western Sydney, NSW
Acquisition date: A pril 2003
Ownership/title: 100%/Freehold
Cost including additions: $15.9 million
Independent valuation: June 2009
Valuation/($/m2): $17.5 million ($1,041/m2)
Capitalisation rate: 9.50%
Discount rate: 10.25%
Lettable area: 16,813m2
Site area: 4.3 hectare
Major Tenants GLA (m2)
Visy PET Pty Ltd 16,813
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 100%
FY13 0%
FY14+ 0%

Prestons Industrial Estate, Prestons, NSW

The property comprises three modern warehouse buildings with construction completed in 2005. The warehouse building located at 7-9 Jessica Place features a cross dock facility. The other two traditional warehouse buildings feature 10m clearance and are fully sprinklered. The property is strategically located approximately 2km north-west of the M5 Motorway and less than 1km from the M7 Motorway.
Location: Western Sydney, NSW
Acquisition date: May 2005
Ownership/title: 100%/Freehold
Cost including additions: $21.7 million
Independent valuation: June 2009
Valuation/($/m2): $16.9 million ($1,279/m2)
Capitalisation rate: 9.00%
Discount rate: 10.00%
Lettable area: 13,215m2
Site area: 2.7 hectare
Major Tenants GLA (m2)
Mainfreight Distribution 8,932
Pets International 4,283
Lease expiry profile
Vacant 0%
FY10 32%
FY11 0%
FY12 0%
FY13 0%
FY14+ 68%

 

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