Purchased

Dual-occupancy industrial asset

  • Two established tenants on 5x year running leases
  • Annual Net yield: $257,962
  • Lease specifics: 4x year WALE (combined average)

Building Type: Warehouse
Net lettable area:1,331m2

Total Land Area: 2139m2
WALE: 4x year WALE (combined average)

The valued client was seeking an asset that factored in stability at its core, with a solid location profile for continued growth from both a rental & capital perspective. The dual-tenancies aid to bolster further stability, as this diversifies the income streams which added further value to the asset overall. This asset has two tenants that have both occupied the premises for over ten years now. Providing a very healthy cash return in the South Australian market, this property will grow well in the coming years. This is a very desirable property for many investors. South Australia has the benefits of zero stamp duty to make this investment even more attractive. Highlights of the property have a total of 10 large roller doors, almost 20 car spaces, completely securer with a surrounding gate, WALE of 4 years and great depreciation benefits for tax purposes. The property is held down by a national tenant and another company that has been in operation for over 30 years.

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