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 Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
9.7
Lettable area ('000sqm)
74.0
Lettable area adjusted for ownership ('000sqm)
55.5
Number of buildings
2
Year built
1970
Major tenant
Bevchain
Owner
DXS
Ownership (%)
75
Co-owner
DALT

Property Statistics

Metro area
Adelaide
Zoning
General Industry 2
Site coverage (%)
76
Number of units
2
Average unit size
37.1
Acquisition date
December 2002
Book value at ownership ($m)
21.8
Independent valuation date
December 2018
Independent valuation at ownership ($m)
21.8
Market cap rate (%)
11.00
Initial yield (%)
12.45
Leased by area (%)
82
Weighted lease term by income (years)
2.0