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Description
Modern office and warehouse complex comprising five freestanding office and warehouse buildings and one freestanding office building completed in 2000. All buildings are tilt panel construction and are exceptionally well presented. The building would ideally suit multiple users and has excellent hardstand areas and internal clearance.
Location
The site is located in a prime Western Gateway position, approximately 15 kilometers south west of the Brisbane CBD and within close proximity to the Ipswich Motorway, the Centenary Highway and the Logan Motorway. Tenants within close proximity to the property include Corporate Express, Allied Pickfords, Woolworths, Electrolux, Canterbury and Coca Cola. Recent road infrastructure works will further improve access to the property.
Key Information
- Ownership VPT
- Acquisition 6/10/2005
- Purchase Price ($,000) 11,815
- Book Value ($,000) 13,700 (at 31/12/07)
- Independant Valuation Date 30/06/2006
- Independant Valuation ($,000) 13,100
- Independant Valuer Knight Frank
- Valuation Cap Rate 7.50%
-
Net Lettable Area
Office: 1,869 sqm
Other: 7,797 sqm
- Occupancy as at 31/12/2007 100%
- No. Of Tenants 4
- WALE as at 31/12/2007 2.5
- Rent Review Structure Various
- Age of Building 1992
Contact Details
- Tom Phipps
- 0439 034 027