46 - 70 Grand Trunkway, Gillman SA 5013

For Sale
46-70 Grand Trunkway, Gillman, SA, Australia

JLL are pleased to offer the opportunity to acquire 46-70 Grand Trunkway, Gillman, SA as part of The Southern Cross Portfolio.

The property provides a strong tenant covenant to one of Australias leading logistics and warehousing specialists, Australian Wool Handlers (AWH) and is leased until Dec 2027. Comprising a large facility utilised for storage and distribution, the site has full drive around capability and is strategically located approximately 15kms form the Adelaide Central Business District, Flinders Adelaide container terminal and the town of Port Adelaide, providing attractive amenity for businesses.

Key investment highlights include:

- Fully leased to major tenant Australia Wool Handlers (AWH)
- 31,589sqm of predominantly warehouse improvements
- Significant site of 6.5 hectares
- Long secure lease term with an 8.7 year WALE (as at May-19)
- Annual rental increases of minimum 3.0% p.a. for the duration of the lease term
- Rental income of $1,743,965* p.a. net
- Flexible improvements providing a large warehouse component with clearance
- Benefits from surrounding hardstand areas and two large canopies running along the front and rear of the building
- Excellent accessibility to major arterials with Grand Trunkway providing direct access to Port River Expressway to the south which forms part of the Northern Connector major road project
- The Northern Connector incorporates a six-lane motorway considered a vital freight and commuter link between the Northern Expressway, South Road Superway and Port River Expressway
- Strategically located within close proximity to Adelaide Central Business District, Flinders Adelaide container terminal and the suburb of Port Adelaide, providing attractive amenity for businesses
- Large frontage of approximately 370 metres to Grand Trunkway with excellent accessibility characteristics

*approx.