Investment
Status
Full
Purchase
Price
$4.5M
Date of
Purchase
Jun '21
Apr '24 Net
Distribution
8.00%
About Sentinel Homemaker Trust
The subject property is located at 639 Stuart Highway, Berrimah – comprising of 3,280 sqm and with 23 car parking bays. It has two showroom / warehouse’s, which have high exposure given the 50 metre street frontage to the Stuart Highway.
The property has two strong tenants. The 760sqm Unit 1 is occupied by Clark Rubber on a 7-year term expiring November 2022, with 3+5-year options. Meanwhile, the 796sqm Unit 2 is occupied by RSEA on a 10-year term until July 2024, with additional 5+5-year options.
The property is located approximately 11km north-east of the Darwin CBD and is surrounded by a number of commercial and showroom premises.
The Sentinel Homemaker (Open Ended) Trust is an open-ended Trust comprising of the Heatherbrae Homemaker Centre, Northpoint Homemaker Centre, Berrimah, Orange Homemaker Centre, and The Centre @ Springwood.
Gallery
Location
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