11a Ferndell Street, Granville
Key Property Information
The property adjoins Stockland’s 9-11 Ferndell Street holding and comprises an older style factory/warehouse building which was completed in the 1970s. The improvements comprise three warehouse bays and an ancillary office with a 55% site coverage. The property is leased for 10 years to Visy Industrial Plastics Pty Ltd, expiring in 2013.
Key Information
| Location: | Western Sydney, NSW |
| Acquisition Date: | April 2003 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | December 2006 |
| Valuation ($/m2): | $18.0 million ($1,026/m²) |
| Capitalisation Rate: | 7.75% |
| Discount Rate: | 9.00% |
| Lettable Area: | 17,546m² |
| Site Area: | 3.2 hectares |
