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17 and 40 Scanlon Drive, Epping, VIC

17 and 40 Scanlon Drive comprise two new warehouse facilities of 9,303m2 and 12,975m2. Both buildings offer high quality warehouse and office accommodation and are located in Northpoint Enterprise Park approximately 20km north of the Melbourne CBD. Access is available to the Craigeburn Bypass via Cooper Street interchange and both properties are in close proximity to the Hume Highway and Western Ring Road.
Location: N orth Melbourne, VIC
Acquisition date: June 2007/September 2007
Ownership/title: 100%/Freehold
Cost including additions: $19.1 million
Independent valuation: June 2009
Valuation/($/m2): $15.2 million ($682/m2)
Capitalisation rate: 8.75% - 9.00%
Discount rate: 9.75%
Lettable area: 22,276m2
Site area: 4.2 hectare

Major Tenants GLA (m2)
Grace Australia 4,017
Lease expiry profile
Vacant 82%
FY10 0%
FY11 0%
FY12 0%
FY13 0%
FY14+ 18%

Export Park, 9-13 Viola Place, Brisbane Airport, QLD

9-13 Viola Place is a new high tech office and warehouse facility located in the recently developed industrial estate of “Export Park” at Brisbane Airport. The property is fully leased to DHL and Union Switch and Signal expiring in 2017. This facility benefits from excellent access to the Gateway Motorway and Port of Brisbane.
Location: Brisbane Airport, QLD
Acquisition date: N ovember 2007
Ownership/title: 100%/Leasehold (Expiry 2047)
Cost including additions: $16.0 million
Independent valuation: June 2009
Valuation/($/m2): $13.2 million ($1,559/m2)
Capitalisation rate: 9.35%
Discount rate: 10.00%
Lettable area: 8,468m2
Major Tenants GLA (m2)
DHL Global Forwarding 4,322
USS 4,146
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 0%
FY113 0%
FY14+ 100%

159-163 Newton Road, Wetherill Park, NSW

Located in Western Sydney, close to the M5 motorway, this office/ warehouse building was completed circa 1990. The improvements comprise two level office accommodation with a two bay warehouse. The property is leased to Wellen.
Location: Western Sydney, NSW
Acquisition date: October 2003
Ownership/title: 100%/Freehold
Cost including additions: $11.3 million
Independent valuation: June 2009
Valuation/($/m2): $12.3 million ($1,003/m2)
Capitalisation rate: 9.50%
Discount rate: 10.25%
Lettable area: 12,264m2
Site area: 2.0 hectare
Major Tenants GLA (m2)
Wellen 12,264

Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 0%
FY13 0%
FY14+ 100%

 

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