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Smeg Distribution Centre, Botany

This well located property offers a flexible warehouse located within close proximity to Port Botany, 11 kilometres south of the Sydney CBD. Gross lettable area includes 7,900 sqm of warehouse and 1,600 sqm of office and showroom area. The building is fully leased to Smeg Australia.

Location: South-East Sydney, NSW
Acquisition date: Mar 2015
Ownership/Title: 100%/Freehold
Cost including additions: $23.0 million
Last Independent Valuation
Date: Dec 2017
Valuation: $28.2 million
Valuation $/m2: $2,971/m²
Capitalisation rate: 5.50%
Discount rate: 7.50%
Lettable area: 9,492 m²
Site area: 1.6 ha
Weighted average lease expiry: 6 years
Major Tenants GLA m2
Smeg Australia Pty Ltd 9,492