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Self Storage KVSI
6-8 Phyllis Avenue Thornleigh NSW, Australia
Kennards Self Storage

Description

In 2004, Valad Property Group teamed up with Kennards Self Storage to acquire 24 storage centres.  This property in Thornleigh formed part of the original 24 sites. Four additional sites have since been settled, with the most recent being Chatswood on July 25th 2007.

Location

Located at 6-8 Phyllis Avenue, Thornleigh, NSW

Further information: www.kss.com.au

 

Key Information

  • Ownership KVSI
  • Acquisition 3/11/2004
  • Purchase Price ($,000) 4,900
  • Book Value ($,000) 5,800 (at 31/12/07)
  • Independant Valuation Date 1/3/2007
  • Independant Valuation ($,000) 5,900
  • Independant Valuer Blackwell Consulting
  • Valuation Cap Rate 8.75%
  • Net Lettable Area Other: 6,585 sqm
  • Occupancy as at 31/12/2007 80%
  • No. Of Tenants 478
  • Age of Building 2002