1 Ashburn Road, Bundamba, QLD
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.
|Latest external valuation||June 2016|
|Book value ($m)||36.6|
|Capitalisation rate (%)||7.75|
|Net lettable area (NLA)||26,628 sqm|
|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.