1 Ashburn Road, Bundamba, QLD

ashburn-bundamba-large

1 Ashburn Road, property was completed in 2010 and is situated approximately 33 kilometres south west of the Brisbane CBD on the junction of three major highways offering exceptional access to the Port of Brisbane, the CBD and interstate. The property is Reject Shop’s state distribution facility and comprises 1,544sqm of office accommodation and 25,050sqm of warehouse. The building is located within a 350 hectare master planned estate and is an emerging industrial location. The facility incorporates drive around truck access, 140 car spaces and trailer parking. The property is in close proximity to the Fund’s API facility.

Property Information
Property type Industrial
 Ownership interest 100%
 Title Freehold
 Latest external valuation June 2016
 Book value ($m) 36.6
 Capitalisation rate (%) 7.75
 Net lettable area (NLA) 26,628 sqm
 Occupancy (%) 100
 Weighted average lease term to expiry (years) 3.6
 Major Tenant Reject Shop
 Lease expiry February 2020

*Information accurate as at 11.01.2017 and provides a summary of key information in relation to the named property within the Centuria Industrial REIT portfolio. Information is in summary form only and investors should refer to the Fund’s published financial statements and other disclosures for further information and detail on the portfolio.