Metcash Distribution Centre, Canning Vale

218 Bannister Road, Perth WA

The property incorporates a purpose built logistics facility 100% occupied by Metcash, having a Gross Lettable Area of 98,295 sqm located within the land constrained core industrial precinct of Canning Vale approximately 14 km south-east of the Perth CBD. Located on the site are six primary buildings, five of which were constructed in the 1990’s, with the sixth most recent building, a meat processing facility, having been constructed in 2010. The improvements are situated on a large land holding of 20.9 hectares with the ability to provide multi-tenant accommodation and possible future expansion.

Tenant GLA (sqm) GLA (%) Expiry (date) Review (%/CPI)
Metcash 3 98,295 100% Jan-24 CPI 4
MAP

1 By gross passing income.
2 The meat processing facility comprising a GLA of 2,397 sqm was constructed, and is owned by the tenant.
3 The tenant on the lease is IGA Distribution (WA) Pty Ltd a wholly owned subsidiary of Metcash Limited.
4 A mid-term market rent reviews applies on 19 December 2018 and is subject to a ratchet clause.