5 Butler Boulevard, Adelaide Airport

The property is located within a commercial and industrial precinct known as Burbridge Business Park in the northwestern corner of Adelaide Airport, approximately seven kilometers west of Adelaide’s Central Business District. The property comprises six attached office/warehouses units with a combined GLA of 12,335 sqm and was constructed in 2007. The property is home to quality corporates including Toyota Australia and Miele Australia amongst others.

Summary1
Ownership interest 100%
Title Sub-leasehold
(32 years remaining)
Book Value $14,000,000
Independent valuation metrics
Valuer M3 Property
Valuation date 30 June 2018
Capitalisation rate 8.61%
Property statistics1
NLA (sqm) 12,335
Site area (sqm) 23,383
Occupancy (by area) 89%
WALE (years, by area) 3.4
Completion date May 2007
Age (years) 11
  1. As at 30 June 2018.