Balcatta Distribution Centre, Balcatta
Balcatta Distribution Centre is located in one of Western Australia's premier industrial precincts, 12 kilometres north of the Perth CBD. Situated on a 12 hectare site, it is the largest, single industrial site in Balcatta. The property comprises the Brownes Dairy head office, processing and distribution centre. The surplus development land of 3.9 hectares is in the process of being subdivided, of which 1.8 hectares is under contract for sale.
| Location: North Perth , WA | ||
|---|---|---|
| Acquisition Date: | Jun 2014 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $56.5 million | |
| Last Independent Valuation | ||
| Date: | Dec 2015 | |
| Valuation: | $58.0 million | |
| Valuation $/m2: | $2,273/m2 | |
| Capitalisation rate: | 7.00% | |
| Discount rate: | 9.00% | |
| Lettable area: | 25,516 m2 | |
| Site area: | 12 ha | |
| Weighted average lease expiry: | 18.0 years | |
| Major Tenants | GLA m2 | |
| Brownes Food Operations Pty Ltd | 25,516 | |