1-3 WesTrac Drive, Newcastle

The Property is a best-in-class and purpose-built distribution, training and maintenance facility for WesTrac, Australia’s largest authorised dealer of Caterpillar equipment. Completed in 2012, the property encompasses 12 interconnected facilities and ancillary buildings totalling 45,474 square metres, in addition to over 100,000 square metres of hardstand. The site spans 42.9 hectares, which includes 17.5 hectares of future expansion land for WesTrac.

The Property is used by WesTrac to service an extensive area across NSW and the ACT. Underlying industries include a significant component of infrastructure and general construction, highway truck servicing as well as coal and base metals mining.

Summary1
Ownership interest 100%
Title Freehold
Book Value $197,000,000
Independent valuation metrics
Valuer CBRE
Valuation date 30 June 2018
Capitalisation rate 6.00%
Property statistics1
NLA (sqm) 45,474
Site area (sqm) 429,200
Occupancy (by area) 100%
WALE (years, by area) 16.2
Completion date July 2012
Age (years) 6
  1. As at 30 June 2018.