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Self Storage KVSI
6 Newcastle Street, Burleigh Junction QLD, Australia
Description
In 2004, Valad Property Group teamed up with Kennards Self Storage to acquire 24 storage centres. This property in Burleigh Junction formed part of the original 24 sites. Twelve additional sites have since been purchased.
Key Information
- Ownership 25%
- Acquisition 3/11/2004
- Purchase Price ($,000) 4,074
- Book Value ($,000) 4,700 (at 31/12/07)
- Independant Valuation Date 1/3/2007
- Independant Valuation ($,000) 4,550
- Independant Valuer Blackwell Consulting
- Valuation Cap Rate 8.75%
- Occupancy as at 31/12/2007 80%
- No. Of Tenants 536
- Age of Building 1991