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Elders Woolstores Building, Spearwood, WA
Aerial photo showing location of Elders Woolstores Building.
A major industrial holding comprising 100,800 sq.m of warehouses on a 29.37 hectare site, located 18 kms from the Perth CBD and within minutes of the Port of Fremantle. The property is used for the storage of wool bales and is securely leased to Elders Limited, a subsidiary of Futuris Limited.
The property is located close to Fremantle, well connected to major arterial roads and surrounded by new residential and industrial estates. The property therefore represents a valuable land bank for the Group both in its current industrial usage and for potential future redevelopment into other uses.
| Occupancy | 100% as at 30 June 2010 |
|---|---|
| Lease Term | 15 years from July 1997 |
| Independent Valuation | $52 million as at January 2010 |
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