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Self Storage KVSI
2 Gibson Avenue, Bankstown NSW, Australia
Description
In 2004, Valad Property Group teamed up with Kennards Self Storage to acquire 24 storage centres. This property in Bankstown 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
- Ownership25%
- Acquisition3/11/2004
- Purchase Price ($,000)4,100
- Book Value ($,000)4,600
- Independant Valuation Date1/3/2007
- Independant Valuation ($,000)4,750
- Independant ValuerBlackwell Consulting
- Valuation Cap Rate8.75%
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Net Lettable AreaOther: 6,887 sqm
- Occupancy as at 31/12/200789%
- No. Of Tenants494
- Age of Building1986