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Self Storage KVSI
137 Breakfast Creek Road, Newstead QLD, Australia
Kennards Self Storage

Description

In 2004, Valad Property Group teamed up with Kennards Self Storage to acquire 24 storage centres.  This property in Newstead formed part of the original 24 sites.

Location

Located at 137 Breakfast Creek Road, Newstead, QLD

Further information: www.kss.com.au

 

Key Information

  • Ownership 25%
  • Acquisition 3/11/2004
  • Purchase Price ($,000) 4,190
  • Book Value ($,000) 5,800 (at 31/12/07)
  • Independant Valuation Date 1/3/2007
  • Independant Valuation ($,000) 5,750
  • Independant Valuer Blackwell Consulting
  • Valuation Cap Rate 8.75%
  • Net Lettable Area Other: 6,910 sqm
  • Occupancy as at 31/12/2007 91%
  • No. Of Tenants 519
  • Age of Building 1989