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Self Storage KVSI
492 Jones Street, Ultimo NSW,
Description
In 2004, Valad Property Group teamed up with Kennards Self Storage to acquire 24 storage centres. This property in Ultimo formed part of the original 24 sites. Four additional sites have since been settled, with the most recent being Chatswood on July 25th 2007.
Key Information
- Ownership 25%
- Acquisition 3/11/2004
- Purchase Price ($,000) 4,750
- Book Value ($,000) 6,300 (at 31/12/07)
- Independant Valuation Date 1/3/2007
- Independant Valuation ($,000) 6,150
- Independant Valuer Blackwell Consulting
- Valuation Cap Rate 8.50%
-
Net Lettable Area
Other: 5,464 sqm
- Occupancy as at 31/12/2007 88%
- No. Of Tenants 501
- Age of Building 1989