1 Niangala Close, Belrose, NSW
 
1 Niangala Close, Belrose, NSW
 
TYPE Bulky goods retail
TITLE Freehold
VALUATION FOR MORTGAGE PURPOSES $8.6 million
DATE OF VALUATION 1 May 2008
LETTABLE AREA 2,307 sqm
LEASE 95% Leased
 
Acquisition rationale
 
1. To provide an exposure to the bulky goods retail market in Sydney.
2. To acquire a site in the Austlink Business Park to leverage on the pending construction of a Homeworld SupaCenta. The construction of the Homeworld SupaCenta was completed in 2006.
 
39 McDowell Street, Welshpool,WA
 
39 McDowell Street, Welshpool,WA
 
TYPE General Industrial
TITLE Freehold
VALUATION FOR MORTGAGE PURPOSES $9 million
DATE OF VALUATION 25 April 2008
LETTABLE AREA 6,594 sqm
LEASE 100% leased
 
Acquisition rationale
 
1. To provide an exposure to the commercial property market in Perth.
2. To obtain a site located close to Perth’s main roadways and ports.
3. The site is currently leased to Recall Information Management Pty Ltd which is a wholly owned subsidiary of ASX listed company Brambles Limited.
4. The property has potential for refurbishment and expansion.
 
65-71 Whiting Street, Artarmon, NSW
 
65-71 Whiting Street, Artarmon, NSW
 
TYPE General industrial
TITLE Freehold
VALUATION FOR MORTGAGE PURPOSES $8.5 million
DATE OF VALUATION 23 April 2008
LETTABLE AREA 4,198 sqm
LEASE 90% leased
 
Acquisition rationale
 
1. To provide exposure to Sydney’s lower North Shore region which is in close proximity to major motorways such as the Gore Hill Freeway, Cahill Expressway and Lane Cove Tunnel.
2. The property has potential for refurbishment.
 
Belltrees 11-15 Manson Street, Telopea, NSW
 
“Belltrees” 11-15 Manson Street, Telopea, NSW
 
TYPE 11 Residential units
TITLE Strata title over 55’s complex (SEPP 5)
VALUATION FOR MORTGAGE PURPOSES $3,235 million
DATE OF VALUATION 15 May 2008
LETTABLE AREA 2 x 1 bedroom apartments on individual titles
9 x 2 bedroom apartments on individual titles
LEASE 100% leased
 
Acquisition rationale
 
1. To provide exposure to the over 55’s strata titled residential sector.
2. Originally acquired for development and resale.
   
  The remaining units owned by Propertylink in “Belltrees” are currently fully tenanted. Propertylink’s intention is to sell these properties at an appropriate time and direct the sale proceeds to the current investment strategy.
 
15 Anderson Street and 25 Anderson Street, Fortitude Valley, QLD
 
15 Anderson Street and 25 Anderson Street, Fortitude Valley, QLD
 
TYPE Commercial office
TITLE Freehold
VALUATION FOR MORTGAGE PURPOSES 15 Anderson Street - $12.75 million
25 Anderson Street - $ 0.57 million
DATE OF VALUATION 13 March 2008
LETTABLE AREA 2,871 sqm
LEASE
100% leased
   
 
Acquisition rationale
 
1. To provide exposure to Fortitude Valley in Brisbane, which continues to grow as a result of the increasing need for commercial space close to Brisbane’s CBD.
2. Potential for consolidation of adjacent properties to increase exposure in this area.
3. Development potential for resale or holding long term for rental return.
 
260-262 Brisbane Road, West Ipswich, QLD
 
260-262 Brisbane Road, West Ipswich, QLD
 
TYPE Commercial and Industrial
TITLE Freehold
VALUATION FOR MORTGAGE PURPOSES $4.2 million
DATE OF VALUATION 25 March 2008
LETTABLE AREA 2,854 sqm
LEASE
51% leased
   
 
Acquisition rationale
 
1. To provide exposure to South-East QLD, which continues to grow as a result of the increasing need for commercial and industrial space.
2. Potential for further development of vacant land.
3. Development potential for resale or holding long term for rental return.