Commercial Property - New South Wales - MOOREBANK

Investment Sale - Motorway + Toll

Sale Method - Public Tender closing 4pm Tuesday 11 November 2008 at the offices of Jones Lang LaSalle, 400 George Street, Sydney NSW 2000.

Location Description

The property is located on the northern side of Helles Avenue approximately 140m west of the intersection with Moorebank Avenue. Moorebank Avenue provides direct access to the M5 Motorway, which can be accessed in both a westerly and easterly direction.

Moorebank is an established industrial suburb benefiting from its location to the M5 and M7. Given this accessibility to Sydney’s metropolitan road network, it is a desired location for distribution and logistics users. The property itself is surrounded by a large range of prominent national and international tenants including, Salmat, Ausdoc, Electrolux, BMW, Toyota, Mainfreight and Ikea.

The property is located 3kms to Liverpool Central Business District, 25 minutes to Port Botany Container Terminal and a 5 minute drive to the M7 Interchange.

Property Description

Moorebank Distribution Centre is a modern industrial distribution facility comprising of a large high clearance warehouse with two levels of office and amenities. The property extends to a gross lettable area of 27,407m², with on grade parking for 148 vehicles. The property is currently undergoing and a $2.2 million refurbishment comprising an upgraded EFSR sprinkler system. Numerous recessed and on grade docks provide access to the warehouse.

Gross Lettable Area (the following area is approx and subject to survey):

Office – Ground 406.8m²
Office – Level 1 404.9m²
Warehouse 26,595.5m²
TOTAL: 27,407.2m²

Lease Details:
The property is leased to Toll IPEC Pty Ltd based on the following terms.

Term: 5 years 8 months*.
Commencement Date: 1st October 2008*. Expires 31st May 2014
Rental Rate: $81.02psm pa net plus GST.
Annual Rent: $2,220,560 pa net plus GST.
Rent Reviews: Greater of CPI or 3.5% pa annually.
Outgoings: 100% Payable by the lessee.
(*note: lease start date subject to completion of some works).

Other benefits of the property include:
- Potential rent reversion.
- Depreciation benefits.
- 9.5 - 11.8 metre warehouse clearance.
- Prime south west growth corridor.

Colliers International - Sydney South West

Suite 1 Level 5 33 Moore Street
LIVERPOOL 2170

Phone Agent

Office Phone: 02 9824 1131 Listing Agent/s:
Gavin Bishop 0401 146 051

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Subject: Commercial Property - 5 HELLES AVENUE MOOREBANK, Property No. 5373965

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Jones Lang LaSalle - Liverpool

lvl 1 203-209 Northumberland Street, Liverpool 2170
LIVERPOOL 2170

Phone Agent

Office Phone: 02 8706 0400 Listing Agent/s:
Matthew Herrett 0418 658 688

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Jones Lang LaSalle - Parramatta

Level 8, 79 George Street
PARRAMATTA 2150

Phone Agent

Office Phone: 02 9806 2800 Listing Agent/s:
Jeff Pond 0418 222 506

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Colliers International - Sydney South

Level 5, Airport Central Tower, 241 O'Riordan Street
MASCOT 2020

Phone Agent

Office Phone: 02 9317 4888 Listing Agent/s:
Eugene Evgenikos 0416 246 820

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