15-23 Whicker Road, Gillman

Overview

The distribution centre at 15-23 Whicker Road is located approximately 12 kilometres north-west of Adelaide in the industrial area of Gillman, part of the City of Port Adelaide.

The centre offers tenants cost effective, functional and flexible storage solutions ranging from 2,000 to 33,000 square metres with accompanying office space and includes two buildings with excellent access for B-double trucks.

The property’s location in the north-western suburb of Gillman allows for easy connection to the Adelaide CBD via the major transport corridors of Grand Junction Road and Port Road.

- Expansive warehouse space

- Convenient connection to Adelaide

- Excellent access for B-doubles

Property Information

  • Building typeDistribution Centre
  • TitleFreehold
  • Site area (hectares)9.7
  • Lettable area ('000sqm)74.0
  • Lettable area adjusted for ownership ('000sqm)55.5
  • Number of buildings2
  • Year built1970
  • Major tenantBevchain
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaAdelaide
  • ZoningGeneral Industry 2
  • Site coverage (%)76
  • Number of units2
  • Average unit size37.1
  • Acquisition dateDecember 2002
  • Book value at ownership ($m)22.1
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)22.1
  • Market cap rate (%)10.75
  • Initial yield (%)11.84
  • Leased by area (%)100
  • Weighted lease term by income (years)1.9