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A unique opportunity to secure an income stream secured by long-term leases with the Commonweath of Australia through two assets:

28B McPherson Street Banksmeadow, NSW

  • Net passing income of A$2,653,049 p.a.
  • 15 year lease term commencing 15 January 2018 with strong annual rental growth fixed at 4.0%
  • Site area of approx. 22,790sqm
  • Approximately 5 kilometres from Sydney International Airport and 0.7 radial kilometres from the Port of Sydney
  • Tenant: Commonwealth of Australia, as represented by the Department of Home Affairs
  • The site was developed to provide collocated accommodation for detector dog operations of:
    • Australian Border Force
    • Australian Federal Police (AFP)
    • Department of Agriculture and Water Resources
  • Modern (2018) world class facility with depreciation benefits

180 Loemans Road Bulla, Victoria

  • Net passing income of AU$3,946,677 p.a. (inc. December-18 fixed 4% increase)
  • 25 years (original 15 year lease with 10 year Deed of Variation) commencing 5 December 2011
  • Strong annual rental growth fixed at 4%
  • Leasable site area of 89,990sqm* (total site area 385,200 sqm)
  • Approximately 12 kilometres* from Melbourne International Airport and 21 radial kilometres* from the Port of Melbourne
  • Tenant: Commonwealth of Australia, as represented by the Department of Home Affairs
  • The site provides accommodation and specialist facilities for two Australian Government law enforcement bodies providing detector dog capability at the incoming ports. The Bulla Detector Dog facility provides the following:
    • The National Head Office for the Border Force Detector Dog Program
    • Offices for Australian Border Force
    • Offices for Australian Federal Police
  • Modern (2011) world class facility with depreciation benefits

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Tony Iuliano

Head of Capital Markets Industrial & Logistics at JLL Australia

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