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Niks

Well done with your research and numbers.

After talking to commercial industrial agents.

IIF has a lot of property on the market, yields in current environment for a keen seller depending on the terms of the lease are approaching 9.00 to 10.00%

IIF has also a large complex at Ingleburn with a new lease to Aust Retail Discoiunrers (Go-Lo) which is in administration.

The Lidcome property as per their website (see below) is leased to TNT and the leased commenced in 2002. Assuming either a five year lease or 10 year lease. The terms of the lease must not be strong therefore a risky investment a lot of the transport hubs are moving to Minchinbury or other areas.

Link: http://www.ingrealestate.com.au/au_en/investing/listed_property_trusts/ing_industrial_fund/property_portfolio/IIF_NSW_LidcombeDistributionCentre.jsp

38 Birnie Avenue, Lidcombe, NSW
Lidcombe is a central location in Sydney’s Inner West, 16km west of Sydney CBD. This locality accommodates industrial, business park and bulky goods retail uses, and is immediately adjacent to the M4 Motorway.

TNT occupy this 12,080m2 office and warehouse building, constructed in 2002 and featuring both grade and dock loading, substantial canopy areas and high quality office space.


Location 38 Birnie Avenue, Lidcombe, NSW

Precinct Inner West Sydney
Net Lettable 12,080 m²
Building type Distribution Centre
Valuation $18.8 million (Dec 07)
Major tenant(s) TNT