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Self Storage KVSI
721 Webster Road, Chermside QLD, Australia
Description
In 2004, Valad Property Group teamed up with Kennards Self Storage to acquire 24 storage centres. This property in Chermiside formed part of the original 24 sites.
Key Information
- Ownership25%
- Acquisition3/11/2004
- Purchase Price ($,000)2,702
- Book Value ($,000)3,000 (at 31/12/07)
- Independant Valuation Date1/3/2007
- Independant Valuation ($,000)3,300
- Independant ValuerBlackwell Consulting
- Valuation Cap Rate8.75%
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Net Lettable AreaOther: 5,187 sqm
- Occupancy as at 31/12/200793%
- No. Of Tenants379
- Age of Building2003