26-34 Caribou DriveDirek SA 5110
Property Details for 26-34 Caribou Dr, Direk
Last Listing description (March 2021)
JLL Capital Markets Industrial & Logistics team as exclusive selling agents have the pleasure in offering for sale an exceptional investment opportunity at 16-26 Caribou Drive, Direk SA
Comprising a state-of-the-art facility within the highly sought after cold storage sector, the site is occupied by national operator RAND Transport with 15 years remaining on the initial lease term.
Key Investment Highlights include:
15 year WALE (as at 5 September 2020)
Fully leased to national tenant Head Lease guaranteed by Automotive Holdings Group (AHG), which is 100% owned by ASX Listed Entity AP Eagers Limited (ASX:APE)
Food related tenant resilient, non-discretionary food sector
Fixed annual 3.5% rental increases throughout the term of the lease provides attractive running yield
Rental income of $3,588,682* p.a. net (as at 5 September 2020)
Modern, high clearance improvements constructed circa 2013 and extended in 2015
Building area of 11,113.3* square metres
Significant land holding of 5.86* hectares, with future development potential given low site coverage of approximately 19%
Outstanding access dual street frontage to Caribou and Pilatus Drives, with multiple ingress/egress points and full drive around capabilities
Excellent connectivity to major road infrastructure including Highway 1 and recently completed Northern Connector
*approx.
For Sale by Expressions of Interest closing Wednesday 5 August 2020 at 4pm (AEST).
Property History for 26-34 Caribou Dr, Direk, SA 5110
- 16 Apr 2024Sold for $61,050,000
- 14 Dec 2020Sold for $63,050,000
- 06 Jul 2020Listed for Sale Contact Agent
Recent sales nearby
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0About Direk 5110
The size of Direk is approximately 2.4 square kilometres. It has 4 parks covering nearly 4.3% of total area. The population of Direk in 2016 was 700 people. By 2021 the population was 913 showing a population growth of 30.4% in the area during that time. The predominant age group in Direk is 30-39 years. Households in Direk are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Direk work in a labourer occupation.In 2021, 55.60% of the homes in Direk were owner-occupied compared with 53.50% in 2016.
Direk has 495 properties. Over the last 5 years, Houses in Direk have seen a 117.76% increase in median value, while Units have seen a 75.66% increase. As at 31 December 2025:
- The median value for Houses in Direk is $738,526 while the median value for Units is $583,516.
- Houses have a median rent of $530.
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