61-67 Plymouth Road, Wingfield SA
This versatile warehouse facility with 38% site cover is strategically located in one of Adelaide’s most sought-after industrial precincts – close to major road, rail and shipping freight routes.
The property has B-double access, multiple crossovers, full ‘drive-around’ access and 2,300 sqm of heavy-duty hardstand. The warehouse features six 10-tonne gantry cranes and an on-site washdown facility.
Investors were attracted to the investment’s secure 8.7% annual distribution yield as well as the asset’s long-term value-add potential.
ACQUISITION DATE
February 2022
PROPERTY TYPE
Industrial
GROSS LETTABLE AREA
4,732 sqm
SITE AREA
13,000 sqm
KEY CHARACTERISTICS
- Replacement Cost: Acquired well below replacement cost.
- High-Quality Configuration: The site is B-Double accessible with three crossovers and heavy-duty hardstand permitting full “drive around” capability. The building features good internal clearance heights with minimal columns and good natural lighting and 6x5-tonne gantry cranes.
- Record Tenant Demand: The supply chain disruptions and accelerated uptake of online shopping have precipitated a massive expansion of domestic supply chains and manufacturing capacity, reuslting in record demand for industrial space in 2020.
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