149 Kerry Road, Archerfield QLD

149-Kerry-Road_Ind

149 Kerry Road is a large manufacturing and storage facility with an attached single level office building, several demountable buildings, a workshop and large areas of hardstand and truck maneuvering areas. The main facility was purpose built for BlueScope Steel (previously John Lysaght Australia) in 1991 and is in good condition.

Property Information
Property type Industrial
Ownership interest 100%
Title Freehold
Purchase price $22.2m
Net operating income $1.7m
Site area 44,340 sqm
Net lettable area (NLA) 13,774 sqm
Occupancy (by NLA) 100%
WALE (by NLA) 8.5 years
Building constructed 1991
Latest refurbishment Periodic
Car park spaces Multiple parking bays

*Information accurate as at 11.01.2017 and provides a summary of key information in relation to the named property within the Centuria Metropolitan 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.

Independent Valuation
Valuer DTZ
Valuation date 15 May 2016
Valuation $24.5m
External Capitalisation rate 7.5%