Harmony Gawler

Building type/sector: Retail

Investor return:
7.6% per annum comprising 7.0% per annum distribution, with the remainder being set aside for any future reletting or capital expenditure

1 Reid Street is a fully leased asset to Woolworths Group, improved with a Woolworths supermarket and BIG W, located approximately 40 kms north of the Adelaide CBD in the suburb of Gawler.

 

The property was constructed in 2003 and provides a combined gross lettable area of over 11,000 sqm, with significant under croft and at-grade car parking available on-site equating to 3.71 car parks per 100 sqm of gross lettable area, far exceeding the local council’s requirement of 7 sqm.

1 Reid Street, Gawler, SA

Building/Sector Type: Retail

Acquisition Date: June 2017
Purchase Price: $32.05 million