Oceana Property Partners

PORTFOLIO

[SOLD] 61-67 Plymouth Road, Wingfield, SA, Australia

[SOLD] 61-67 Plymouth Road, Wingfield SA

The versatile warehouse facility with 38% site cover, is in a strategic location in one of Adelaide’s most sought-after industrial precincts close to major road, rail and shipping freight routes.

The Property has B-double access, multiple crossovers, full ‘drive-around’ access and 2,300 sqm of heavy-duty hardstand. The warehouse features six 10-tonne gantry cranes and an onsite washdown facility.

Investors were attracted to the secure 8% distribution and long-term value-add potential of this asset and the fund was oversubscribed.

PROPERTY FEATURES

ACQUISITION DATE

FEBRUARY 2022

PROPERTY TYPE

INDUSTRIAL

PROPERTY SIZE

4,732 sqm

LAND SIZE

13,000 sqm

SALE DATE

September 2024

IRR

14%