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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