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Self Storage KVSI
52 Bank Street, West End 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 West End formed part of the original 24 sites.

Location

Located at 52 Bank Street, West End, QLD

Further information: www.kss.com.au

 

Key Information

  • Ownership 25%
  • Acquisition 3/11/2004
  • Purchase Price ($,000) 3,567
  • Book Value ($,000) 5,600 (at 31/12/07)
  • Independant Valuation Date 1/3/2007
  • Independant Valuation ($,000) 6,250
  • Independant Valuer Blackwell Consulting
  • Valuation Cap Rate 8.75%
  • Net Lettable Area Other: 6,925 sqm
  • Occupancy as at 31/12/2007 90%
  • No. Of Tenants 586
  • Age of Building 1991