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Purchased November 2010 • Sold December 2011
36 Sawmill Place is an industrial site located on the Monaro Highway, approx 15km from the Canberra CBD.
The site incorporates an office building, warehouse, chemical storage facility and a hardstand.
QE contracted to acquire the property in October 2010 and achieved a pre-commitment from Downer EDI Works (DEW) for a 16 year, triple-net lease, providing long-term, stable income.
We constructed the office building, warehouse, chemical storage facility and hardstand under a fixed price contract with a major building company, while DEW installed and commissioned an asphalt plant. The works were completed in August 2011.
Investors were paid an annual distribution throughout the life of the project including the construction period.
This property was sold in Dec 2011.