OzProp L3 Class of Units
- Property type: Industrial
- Offer type: Industrial , Recently Sold
- City: Capalaba
- Zip Code: 4504
- Street: 16 Mineral Sizer
- Property size: 4,791 m²
- Lot size: 11,140 m²
- Investment Status: Fully subscribed
- Acquistion Date: September 2019
- Initial Investment: $8.975m
- IRR: 19.00 %
- Invesment Horizon: 5-7 years
- Current Valuation: $10.1m
Details
The asset comprises a 11,140 square metre, irregular shaped internal allotment which is above street grade and slopes from the rear boundary to the street frontage.
Erected on the property is a modern style, single level, industrial office and warehouse building which comprises a total Gross Lettable Ara (GLA) of 4,791 square metres. The office component is situated over a single level and benefits from a good level of natural lighting. The warehouse component has been constructed with a central row of columns and provides good internal clearances of up to 9.2 metres. The property is currently fully leased to Nick Scali Ltd.
The asset is 100% owned by the OzProp L3 Trust issued by OzProp Investment Trust.
*Target Investment returns based on the terms and conditions stated in the relevant IM. Investment returns are not guaranteed and are subject to investment risk.
