Sentinel Northern Australia Investment Fund - Wishart
Date of Purchase
Jan '22 Net Distribution
About Sentinel Northern Australia Investment Fund
The Property is located at 2 McCarthy Close, Wishart (Darwin) Northern Territory 0822. It is leased to national tenants, including Ingham’s (ASX Listed) and Bells Pure Ice (National Ice Manufacturer and Distributor).
It comprises two cold storage buildings on a site of 8,700 sqm, with a total lettable area of 2,222 sqm. The main cold storage building was rebuilt in 2013 and comprises a 1,955 sqm facility with insulated chiller panels, attached offices, and 4 loading docks. The second cold storage building is a 267 sqm facility of concrete tilt panel construction and a detached transportable style office. Other improvements include a concrete truck access area, perimeter fencing and landscaping.
The Property is situated within Darwin’s burgeoning heavy transport business precinct. It benefits from close proximity to the Stuart Highway, the Northern
Territory’s major arterial road connecting Darwin to Port Augusta in South Australia, via Tennant Creek and Alice Springs. Additionally, it lies within 6 kilometres of the Darwin Port, which is currently undergoing a tender process for
Northern Australia’s largest ship lift.
The Sentinel Northern Australia Investment Fund is an open-ended Trust, with Wishart being the first acquisition.