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Self Storage KVSI
181 Bell Street, Preston VIC , Australia
Kennards Self Storage

Description

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

Location

Located at 181 Bell Street, Preston, VIC

Further information: www.kss.com.au

 

Key Information

  • Ownership 25%
  • Acquisition 3/11/2004
  • Purchase Price ($,000) 3,960
  • Book Value ($,000) 4,100 (at 31/12/07)
  • Independant Valuation Date 1/3/2007
  • Independant Valuation ($,000) 3,750
  • Independant Valuer Blackwell Consulting
  • Valuation Cap Rate 8.75%
  • Net Lettable Area Other: 5,736 sqm
  • Occupancy as at 31/12/2007 69%
  • No. Of Tenants 389
  • Age of Building 2003