Rimcorp Property Solid Growth - Consistent Returns

Thomastown

Click image to enlarge

Banyo

Click image to enlarge

Rimcorp Property Trust No 3

360 - 366 Settlement Road, Thomastown, Victoria

Thomastown is approximately fifteen kilometres north of the Melbourne CBD within one kilometre of the Metropolitan Ring Road. Via the Western Ring Road, the Metropolitan Ring Road links with the Tullamarine, Calder, Western, Princes and West Gate Freeways to the south. The completion of the new Craigieburn Bypass has improved access to the Hume Freeway. The 17 kilometre bypass joins the Metropolitan Ring Road at Thomastown.

The Property

Type:	Industrial/Commercial
Location:	360 - 366 Settlement Road, Thomastown, Victoria
Title:	Freehold
Ownership:	Rimcorp Property Trust No 3
Acquisition Details:	$11,100,000 – purchased August 2005
Valuation:	$12,300,000 (Charter Keck Cramer – June 2007)
Net Lettable Area:	9,843 square metres
Land Area:	18,048 square metres
Occupancy:	100%
Tenant:	Select Harvests Marketing P/L guaranteed by Select Harvests Ltd
Lease Expiry:	June 2020
Options:	One five year option
Commencement Rent:	$999,843
Purchase Yield:	9.00%

 

36 - 42 Wentworth Place, Banyo, Queensland

Wentworth Place, Banyo is approximately nine kilometres north of the Brisbane CBD with good access to the Gateway Arterial and Brisbane Airport.
Banyo is an industrial precinct surrounded by the established industrial suburbs of Geebung, Virginia, Hendra and Northgate.

The Property

Type:	Industrial/Commercial
Location:	36 - 42 Wentworth Place, Banyo, Queensland
Title:	Freehold
Ownership:	Rimcorp Property Trust No 3
Acquisition Details:	$6,100,000 – purchased September 2005
Valuation:	$7,000,000 (Herron Todd White – January 2007)
Net Lettable Area:	6,376 square metres
Land Area:	11,480 square metres
Occupancy:	100%
Three Tenants:	Toshiba Australia P/L, Marrpat P/L and Innovative Warehouse Solutions P/L
Lease Expiry:	March 2011, September 2009 and December 2011
Options:	Various
Commencement Rent:	$532,600
Purchase Yield:	8.73%