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GARDA PROPERTY GROUP (ASX: GDF)

PROPERTY BOOK | June 2021

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DISCLAIMER

This presentation ( Presentation ) has been prepared on behalf of GARDA Property Group ( GDF or Group or GARDA ), comprising GARDA Holdings Limited ( GHL ) and its controlled entities and GARDA Capital Limited (ACN 095 039 366) (AFSL 246714) ( GCL ) as responsible entity of the GARDA Diversified Property Fund ARSN 104 391 273 (the Fund ). The information and statements in this Presentation were prepared or are made only as of the date of this Presentation, unless otherwise stated.

This Presentation contains general and summary information about the current and currently proposed activities of GARDA. It does not purport to be complete or contain all information which would be relevant to GDF stapled securities, or existing or prospective investors of GARDA. Other than as required by law, no member of the Group or any of their related entities and their respective directors, employees, officers or advisers give any warranties in relation to the statements and information contained in or referred to in this Presentation.

This Presentation has been compiled from sources which GARDA believes to be reliable. However, it is not audited, and is not a prospectus, product disclosure statement or other disclosure document ( Disclosure Document ) as defined in the Corporations Act 2001 (Cth) ( Corporations Act ), and has not been lodged with the Australian Securities and Investments Commission ( ASIC ). It is not, nor does it purport to be, complete or include all the information that a disclosure document may contain. Historical financial and other ‘continuous disclosure’ information required by law can be found at the GARDA website www.gardaproperty.com.au and in the financial statements (also available on the website).

Nothing contained in the Presentation constitutes investment, legal, tax or other advice. It is not an offer of securities, or a recommendation to buy or sell securities in GARDA. It has been prepared for general information only, and without taking into account the investment objectives, financial situation or needs of individuals. Any existing or prospective investor should not rely on this Presentation, but consider the appropriateness of the information in any product disclosure statement ( PDS ) or other public sources having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction. GARDA does not guarantee any particular rate of return or the performance of the Group, nor does it guarantee the repayment of capital or any particular tax treatment.

This Presentation contains certain “forward looking statements” with respect to the financial condition, results of operations and business relating to the Group. These forward looking statements may involve subjective judgments. The words “forecast”, “estimate”, “likely”, “anticipate”, “believe”, “expect”, “project”, “opinion”, “predict”, “outlook”, “guidance”, “intend”, “should”, “could”, “may”, “strategy”, “target”, “plan” and other similar expressions are intended to identify forward looking statements. The forward looking statements are by their nature subject to significant and unknown risks, uncertainties, vagaries and contingencies, many (if not all) of which are outside the control of members of the Group. Various risk factors may cause the actual results or performance of the Group to be materially different from any future results or performance expressed or implied by such forward looking statements. There can be no assurance that any forward looking statements are attainable or will be realised. Past performance should also not be relied upon as being indicative of future performance. No representation, warranty or guarantee, whether express or implied, is made or given by any member of the Group that any forward looking statement will or is likely to be achieved. Except as required by law, GARDA is not liable to release updates to the forward looking statements to reflect any changes.

A number of figures, amounts, percentages, prices, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures, amounts, percentages, prices, estimates, calculations of value and fractions may differ from the figures, amounts, percentages, prices, estimates, calculations of value and fractions set out in this Presentation. All references to dollars or $ in this Presentation are to Australian currency.

To the maximum extent permitted by law, any and all liability in respect of the Presentation (and any forward looking statement) is expressly excluded, including, without limitation, any liability arising from fault or negligence, for any direct, indirect or consequential loss or damage arising from any loss whatsoever arising from the use of the information in this Presentation or otherwise arising in connection with it. GARDA is listed on the Australian Securities Exchange ( ASX ) and all applicable obligations and restrictions contained in (without limitation) the ASX Listing Rules and Corporations Act apply accordingly. The acknowledgements referred to above may be pleaded as a bar to any claim that any reader may bring.

Persons who come into possession of this Presentation (including through a website) who are not in Australia should seek advice on and observe any legal restrictions on distribution in their own jurisdiction. Distribution of this Presentation outside of Australia (whether electronically or otherwise) may be restricted by law. Persons who receive this Presentation outside of Australia are required to observe any such restrictions. Failure to comply with such restrictions may find you in violation of applicable securities laws.

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| Property Book

INTRODUCTION

About | Property Overview

INDUSTRIAL

Overview | Locations | Properties

INDUSTRIAL DEVELOPMENT

Pipeline | Developments

OFFICE

Overview | Properties

4 7 16 24 Botanicca 9, Richmond

ABOUT GARDA

GARDA Property Group (ASX: GDF) (GARDA) is a real estate investor, developer and active manager with investments along the eastern seaboard of Australia, from Cairns to Melbourne.

GARDA is an internally managed Australian Real Estate Investment Trust (A-REIT) and a stapled security comprising GARDA Holdings Limited ABN 92 636 329 774 and GARDA Diversified Property Fund ARSN 104 391 273, the responsible entity of which is GARDA Capital Limited ABN 53 095 039 366 (AFSL 246714). This structure is shown below.

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Key Portfolio Metrics

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$496 Million [1]
PORTFOLIO VALUE
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5.78%
PORTFOLIO CAP RATE
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5.5 years
PORTFOLIO WALE
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91%
PORTFOLIO OCCUPANCY
3.2%
FIXED ANNUAL RENT INCREASES
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Pro-forma portfolio value totals $491 million. The value excludes Lytton ($10.7m and held for sale), valued accretive capital expenditure ($2.8m) and a small land parcel in Townsville ($1.2m). It includes Richlands acquisition ($6.8m) due to settle in September 2021 and the third site of the Pinnacle East land acquisition ($2.8m) that settled in July 2021. All property portfolio metrics are based of the pro-forma portfolio.

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| Property Book

TOTAL PROPERTY OVERVIEW

Geography (by value)

Sector (by Value)

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39%
48%
13%
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44%
7%
31%
18%
Cairns Mackay Brisbane Melbourne
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Office Industrial Land / Industrial Development
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Lease Expiry (by income)

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57%
12%
9% 9% 8%
5%
Vacant FY22 FY23 FY24 FY25 FY26+
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Top 10 Tenants

Tenant	Property	Gross Income (%)
J Blackwoods & Sons	Mackay	9.9%
Planet Innovation	Box Hill	9.9%
Volvo Group	Wacol	9.4%
Komatsu	Morningside	6.8%
Golder Associates	Richmond	6.5%
Pinkenba Operations	Pinkenba	5.7%
Qld Gov(DTMR)	Cairns	5.3%
Fujifilm	Botanicca 9	5.1%
Fulton Hogan	Botanicca 7	3.7%
McLardyMcShane Botanicca 7		3.5%
Top 10 Portfolio Tenants		65.8%

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~137,000m²
PORTFOLIO NLA
~162,000m²
DEVELOPMENT PIPELINE GFA
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PROPERTY PORTFOLIO INTEGRATED, COMMERCIAL AND INDUSTRIAL PROPERTY PLATFORM

| Property Book

INDUSTRIAL

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INDUSTRIAL OVERVIEW

Lease Expiry (by income)

Geography (by value)

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77%
86%
14% 15%
5%
3%
0% 0%
Brisbane Mackay Vacant FY22 FY23 FY24 FY25 FY26+
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Key Industrial Metrics

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$255 million
INDUSTRIAL VALUE
5.56%
INDUSTRIAL CAP RATE
6.6 years
INDUSTRIAL WALE
100%
INDUSTRIAL OCCUPANCY
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BRISBANE INDUSTRIAL LOCATION

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109-135 Boundary Road 498 Progress Road North Lakes Wacol 70-82 Main Beach Road 372-402 Progress Road Pinkenba Wacol 326 & 340 Thynne Road, 56-72 Bandara Street Morningside Richlands 38, 56, 69 Peterkin Street 67 Noosa Street Acacia Ridge Heathwood 1-9 Huntress Street 41 Bivouac Place Berrinba Wacol (Volvo)

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| Property Book

69-79 DIESEL DRIVE

MACKAY, QUEENSLAND

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Location

The property is a state-of-the-art warehouse and distribution facility located in Paget, approximately 8 kilometres from the Mackay CBD. Paget is the main industrial and distribution centre for Mackay with outstanding transport connections including the Mackay Airport, Mackay freight terminal and the Bruce Highway.

Description

Located on a 3.01ha site, the property is improved with two new buildings (completed in 2013) for a total Net Lettable Area (NLA) of 13,843m² including a combination of warehouse, office and showroom spaces. The property is wholly leased to Blackwoods, a major subsidiary of ASX listed Wesfarmers.

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	30,100
Lettable Area (m²)	13,843
Occupancy (by income)	100%
WALE (by income)	7.5 years
Major Tenant/s	Blackwoods
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation	$35,000,000
Capitalisation Rate	6.50%
Discount Rate	7.25%

LEASE EXPIRY PROFILE (BY INCOME)

	LEASE	EXPIRY	PROFILE (BY	INCOME)
					100%




0%	0%	0%	0%	0%
Vacant	FY22	FY23	FY24	FY25	FY26+

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70-82 MAIN BEACH ROAD

PINKENBA, QUEENSLAND

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Location

The property is located within the Pinkenba industrial precinct, adjoining the Brisbane Airport on the northern side of the Brisbane River. The site has immediate access to the major arterial road network including the Bruce Highway and is only minutes from the Gateway Bridge.

Description

Since construction completed in early 2018, the property has operated as a resource recovery facility for soil, rock, gravel and construction materials. The four-hectare site has low site coverage and improvements, consisting of predominantly hardstand, a 2,000m² facility and various site offices.

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	40,490
Lettable Area (m²)	40,490
Occupancy (by income)	100%
WALE (by income)	12.1 years
Major Tenant/s	QRT Operations
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation	$26,200,000
Capitalisation Rate	5.00%
Discount Rate	6.25%

LEASE EXPIRY PROFILE (BY INCOME)

	LEASE	EXPIRY	PROFILE (BY	INCOME)
					100%




0%	0%	0%	0%	0%
Vacant	FY22	FY23	FY24	FY25	FY26+

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326 & 340 THYNNE ROAD

MORNINGSIDE, QUEENSLAND

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ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	40,124
Lettable Area (m²)	16,979
Occupancy (by income)	100%
WALE (by income)	3.6 years
Major Tenant/s	Komatsu
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation	$43,725,000
Capitalisation Rate	5.25%
Discount Rate	6.00%

LEASE EXPIRY PROFILE (BY INCOME)

Location

Morningside is located 4.5 kilometres east of the Brisbane CBD. The industrial precinct is tightly held given the desirable location, close to the CBD and access to the Gateway Motorway.

Description

The asset comprises two A-grade warehousing and distribution facilities on a 4-hectare site. Both industrial facilities were refurbished in 2017. The site has a 7,500m² unused land parcel that has development approval for a 5,872m² extension to the existing warehouse, providing development upside.

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69%
31%
0% 0% 0% 0%
Vacant FY22 FY23 FY24 FY25 FY26+
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41 BIVOUAC PLACE

WACOL, QUEENSLAND

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Location

Metroplex Westgate Wacol is a premium industrial business park that is being developed by GPT group and Metroplex and comprises 90 hectares of land that when completed will provide over 250,000m² of industry space. The industrial estate is one of Brisbane’s best connected near city estates, situated 15 kilometres west of the Brisbane CBD with immediate access to both the Ipswich Motorway and Centenary Highway.

Description

The new facility sits on a 3.274-hectare site and provides Volvo Group Australia with 6,057m² service warehouse and dealership delivery centre and 3,937m² of A-grade office space and showroom.

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	32,790
Lettable Area (m²)	9,994
Occupancy (by income)	100%
WALE (by income)	7.0 years
Major Tenant/s	Volvo
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation	$45,400,000
Capitalisation Rate	5.00%
Discount Rate	6.25%

LEASE EXPIRY PROFILE (BY INCOME)

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100%
0% 0% 0% 0% 0%
Vacant FY22 FY23 FY24 FY25 FY26+
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1-9 KELLAR STREET

BERRINBA, QUEENSLAND

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ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	11,940
Lettable Area (m²)	5,683
Occupancy (by income)	100%
WALE (by income)	3.8 years
Major Tenant/s	USG Boral
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 December 2020
Valuation	$11,975,000
Capitalisation Rate	5.25%
Discount Rate	6.25%

LEASE EXPIRY PROFILE (BY INCOME)

Location

Berrinba forms part of the larger industrial precinct know as South-West 1 and located 21 kilometres south-east of the Brisbane CBD with close access to the Logan Motorway. Berrinba lies in the Logan area, and located between Brisbane, Gold Coast and Ipswich.

Description

Berrinba is a recently constructed freestanding warehouse and office facility providing 5,683m² of leasable area sitting on a 11,940m² site. USG Boral occupy half the facility on a 5 year lease and TLC Freight occupancy the other half of the facility on a 3 year lease.

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52%
48%
0% 0% 0% 0%
Vacant FY22 FY23 FY24 FY25 FY26+
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67 NOOSA STREET

HEATHWOOD, QUEENSLAND

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Location

Heathwood is located approximately 30 kilometres (by road) southwest of the Brisbane CBD. Heathwood is one of Brisbane’s most successful industrial estates, having prime location along the Logan Motorway, where immediate access can be gained to the major transport routes including Centenary Highway (West), Mt Lindsay Highway (East), Gateway Motorway (East) and the Ipswich Motorway (North).

Description

Located on a 15,094m² site, the property is improved with a number of buildings totaling approximately 6,022m² and a low 40% site coverage, providing a generous amount of hardstand. The property is wholly leased to James Engineering on a long term lease, a company that has operated since 1964 and produces pre-fabricated and transportable electrical and data switch rooms.

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	15,090
Lettable Area (m²)	6,022m²
Occupancy (by income)	100%
WALE (by income)	6.7 years
Major Tenant/s	James Engineering
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	31 December 2020
Valuation	$11,800,000
Capitalisation Rate	6.50%
Discount Rate	7.50%

LEASE EXPIRY PROFILE (BY INCOME)

	LEASE	EXPIRY	PROFILE (BY	INCOME)
					100%




0%	0%	0%	0%	0%
Vacant	FY22	FY23	FY24	FY25	FY26+

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INDUSTRIAL DEVELOPMENT

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‘BUILD TO OWN’ INDUSTRIAL DEVELOPMENT PIPELINE INCREASED BY 124,000m² DURING FY21

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INDUSTRIAL DEVELOPMENT PIPELINE GFA DELIVERY
North Lakes (new) 98,000
Wacol (new) 13,000
Richlands (new) 13,000
Wacol Building A 3,000
Acacia Ridge Stage 2 15,265
Wacol Building B 7,830
Acacia Ridge Stage 1B 6,000
Acacia Ridge Stage 1A 6,214
0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000
(m [2] )
Under Construction Existing Pipeline New Pipeline Acquisitions
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38, 56, 69 PETERKIN STREET ACACIA RIDGE, QUEENSLAND

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Location

Acacia Ridge is an established inner southern industrial suburb approximately 16 kilometres by road from the Brisbane CBD. The three transport orientated warehouses provide 61,400m² of developable land bordering the Pacific National Rail Intermodal facility.

Description

Older improvements on 69 Peterkin Street have been demolished and stage 1A (6,214m²) is under construction. When completed, Austrans, an existing tenant of 38 Peterkin St will start their new 7 year pre-committed lease with Stage 1B providing a further 6,000m² of potential developable GFA. This will allow the warehouses at 38 and 56 Peterkin St to be demolished, allowing this area to be developed as stage 2, delivering approximately 15,265m² of GFA. Total completed built form GFA totals 27,479m².

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	61,400
Lettable Area (m²) – built form GFA (m²)	27,479
Occupancy (by income)	100%
WALE (by income)	7 years
Major Tenant/s	Austrans
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021	VALUATION SUMMARY – 30 JUNE 2021
	38P	56P	69P
Valuation Date	31-Dec-20	31-Dec-20	30-Apr-21
Valuation	6,200,000	7,000,000	11,000,000
Capitalisation Rate	7.25%	7.00%	N/A
Discount Rate	N/A	N/A	N/A

LEASE EXPIRY PROFILE (BY INCOME)

100% 0% 0% 0% 0% 0% Vacant FY22 FY23 FY24 FY25 FY26+

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69 PETERKIN STREET (STAGE 1A) ACACIA RIDGE, QUEENSLAND

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498 PROGRESS ROAD (‘PINNACLE ON PROGRESS’ EAST & WEST) WACOL, QUEENSLAND

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ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	42,196
Lettable Area (m²)	6,000
Occupancy (by income)	100%
WALE (by income)	10.2 years
Major Tenant/s	YHI
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation – completed Building C	$12,500,000
Valuation – balance of development land	$9,825,565
Capitalisation Rate	5.00%
Discount Rate	6.00%

Location

Wacol is an established industrial suburb, 21 kilometres by road south-west of the Brisbane CBD. The 4.1 hectare site is located on Progress Road, a major dual lane arterial road connecting to both the Ipswich Motorway and Centenary Highway (and Logan Motorway).

Description

The first of three industrial facilities has recently completed with that 6,000m² leased to WheelDemon for 10 years. When completed, the development known as ‘Pinnacle on Progress’ will provide approximately 17,000m² of built form GFA.

LEASE EXPIRY PROFILE (BY INCOME)

100% 0% 0% 0% 0% 0% Vacant FY22 FY23 FY24 FY25 FY26+

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372-402 PROGRESS ROAD

WACOL, QUEENSLAND

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ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	41,350
Lettable Area (m²) – built form GFA (m²)	~ 13,000
Occupancy (by income)	N/A
WALE (by income)	N/A
Major Tenant/s	N/A
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	11 May 2021
Valuation	$7,205,000
Capitalisation Rate	N/A
Discount Rate	N/A

Location

Description

Development approval for the site is anticipated in the first half of CY2022 with civil works to be completed in the second and third quarters. The new site will complement the existing Wacol site with completion of civil works and commencement of construction expected to align with construction completion of Buildings A and B at ‘Pinnacle on Progress’.

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109-135 BOUNDARY ROAD

NORTH LAKES, QUEENSLAND

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ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	323,800
Lettable Area (m²) – built form GFA (m²)	98,000
Occupancy (by income)	N/A
WALE (by income)	N/A
Major Tenant/s	N/A
NABERS Rating	N/A

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	20 April 2021
Valuation	$20,000,000
Capitalisation Rate	N/A
Discount Rate	N/A

Location

North Lakes is perfectly positioned to provide seamless connectivity to major business centres and national road, air and rail networks. Situated alongside the Bruce Highway / M1 and near the Gateway Motorway, the subject site sits 32km north of Brisbane’s CBD, 40 minutes drive from the Sunshine Coast and only 22 minutes from both Brisbane domestic and international airports.

Description

GARDA intends to develop a master planned industrial park including dedicated precincts that support the development of premises for small, medium and large customers. It is anticipated town planning and relevant approvals will be achieved by Q4FY22. Bulk earths works and initial civil works expected to take a further 12 months prior to construction commencement. On completion of works and allocations for internal roads and green space, the site will provide 22.4 hectares of net developable industrial land, delivering a potential 98,000m² of built form GFA.

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56-72 BANDARA STREET

RICHLANDS, QUEENSLAND

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	30,351
Lettable Area (m²) – built form GFA (m²)	~ 13,000
Occupancy (by income)	N/A
WALE (by income)	N/A
Major Tenant/s	N/A
NABERS Rating	N/A

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VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	31 July 2020
Valuation	$6,828,975
Capitalisation Rate	N/A
Discount Rate	N/A

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Location

Richlands is an established industrial suburb, 21 kilometres by road south-west of the Brisbane CBD. Richlands neighbours Wacol with the same quality access to the Ipswich Motorway and Centenary Highway, via Progress Rd. The site on Bandara Street backs onto the Metroplex Westgate industrial precinct.

Description

The street is currently undergoing significant development with 40,000m² of industrial buildings currently under construction directly across from 56-72 Bandara St, which are largely committed to tenants. Bandara Street is not an arterial road and therefore provides a price competitive site with excellent access to various road networks, ideal for competing for pre-commit tenants. The site is flat and development ready with negligible preparation costs anticipated.

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OFFICE

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OFFICE OVERVIEW

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Geography (by value) Lease Expiry (by income) Key Office Metrics
42%
$236 million
OFFICE VALUE
63%
37% 16% 15% 19% 5.96%
OFFICE CAP RATE
5%
3%
4.6 years
Cairns Melbourne Vacant FY22 FY23 FY24 FY25 FY26+ OFFICE WALE
84%
OFFICE OCCUPANCY
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BUILDING 9, 588A SWAN STREET

RICHMOND, VICTORIA

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ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	3,621
Lettable Area (m²)	7,023
Occupancy (by income)	46%
WALE (by income)	5.7 years
Major Tenant/s	Fujifilm
NABERS Rating	Targeted 5.0 star

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	31 December 2020
Valuation	$57,000,000
Capitalisation Rate	5.50%
Discount Rate	6.25%

Location

LEASE EXPIRY PROFILE (BY INCOME)

The Property is situated approximately five kilometres east of the Melbourne CBD within the Botanicca Corporate Park and part of the sought after Melbourne city-fringe location. The precinct is serviced by both metro rail and tram services as well as the M1 Freeway.

Description

The Property was developed by GARDA and completed in mid-2019. It comprises a high quality 5 storey office building with a NLA of 7,023m² plus three levels of car park (lower ground and two basement levels) providing a total of 232 bays, and targeting high environmental credentials.

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54%
40%
6%
0% 0% 0%
Vacant FY22 FY23 FY24 FY25 FY26+
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| Property Book

BUILDING 7, 572 SWAN STREET

RICHMOND, VICTORIA

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Location

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	4,989
Lettable Area (m²)	6,587
Occupancy (by income)	100%
WALE (by income)	2.4 years
Major Tenant/s	Golder Associates
NABERS Rating	5.0 star

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	31 December 2020
Valuation	$54,000,000
Capitalisation Rate	5.50%
Discount Rate	6.25%

LEASE EXPIRY PROFILE (BY INCOME)

Description

The Property is a modern, architecturally designed commercial building supporting a 4 Star Green Star – Office Design v2 Rating and 5 star NABERS rating. The 6,587m² building was built in 2009 and is anchored by two major tenants in Golder and Fulton Hogan.

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52%
48%
0% 0% 0% 0%
Vacant FY22 FY23 FY24 FY25 FY26+
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| Property Book

436 ELGAR ROAD

BOX HILL, VICTORIA

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Location

Box Hill is located within the outer east commercial precinct, approximately 15 kilometres from the CBD. This precinct has excellent access to major roads linking the CBD to the eastern suburbs, complemented by rail, bus and tram links. Significant high rise residential development continues to occur in Box Hill.

Description

The building comprises three levels of quality commercial office space and two levels of basement parking, providing 197 bays. The building has undergone a significant capital works program over the last number of years and is 100% occupied to Planet Innovation for a 7-year lease.

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	2,650
Lettable Area (m²)	5,702
Occupancy (by income)	100%
WALE (by income)	6.4 years
Major Tenant/s	Planet Innovation
NABERS Rating	3.0 star

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation	$39,000,000
Capitalisation Rate	5.50%
Discount Rate	6.50%

LEASE EXPIRY PROFILE (BY INCOME)

	LEASE	EXPIRY	PROFILE (BY	INCOME)
					100%




0%	0%	0%	0%	0%
Vacant	FY22	FY23	FY24	FY25	FY26+

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| Property Book

7-19 LAKE STREET

CAIRNS, QUEENSLAND

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Description

ASSET SUMMARY – 30 JUNE 2021
Land Area (m²)	6,088
Lettable Area (m²)	14,762
Occupancy (by income)	95%
WALE (by income)	4.7 years
Major Tenant/s	QLD Government – DTMR
NABERS Rating	5.0 star

VALUATION SUMMARY – 30 JUNE 2021
Valuation Date	30 April 2021
Valuation	$86,500,000
Capitalisation Rate	6.75%
Discount Rate	7.00%

LEASE EXPIRY PROFILE (BY INCOME)

The property is the premier commercial office building in Cairns comprising a total NLA of 14,683m² and has attracted quality blue chip tenants including state and federal government, national and international corporates and a number of financial institutions. The 15 level, semimodern, 5 star NABERS rated building was completed in 1989.

The property comprises ground floor building entry foyer with retail accommodation, ground and upper ground office accommodation, secure podium parking for 264 vehicles on levels one, two and three and parts of level four, and twelve upper levels of commercial office accommodation. The property also has a 1,518m² parcel of land adjoining the property, providing potential development opportunities.

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43%
24%
8% 11% 9%
5%
Vacant FY22 FY23 FY24 FY25 FY26+
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w: gardaproperty.com.au
e: [email protected]

Level 21, 12 Creek Street, Brisbane QLD 4000 GPO Box 5270, Brisbane QLD 4001

p: +61 7 3002 5300

AI assistant

GARDA PROPERTY GROUP — Investor Presentation 2021

64972_rns_2021-08-11_b75ea9a4-ef90-40ea-b6d1-053c8f56dfd4.pdf

PROPERTY BOOK | June 2021

DISCLAIMER

CONTENTS

INTRODUCTION

INDUSTRIAL

OFFICE

ABOUT GARDA

Key Portfolio Metrics

TOTAL PROPERTY OVERVIEW

Geography (by value)

Sector (by Value)

Lease Expiry (by income)

Top 10 Tenants

INDUSTRIAL

INDUSTRIAL OVERVIEW

Lease Expiry (by income)

Geography (by value)

Key Industrial Metrics

BRISBANE INDUSTRIAL LOCATION

69-79 DIESEL DRIVE

MACKAY, QUEENSLAND

Location

Description

LEASE EXPIRY PROFILE (BY INCOME)

70-82 MAIN BEACH ROAD

PINKENBA, QUEENSLAND

Location

Description

LEASE EXPIRY PROFILE (BY INCOME)

326 & 340 THYNNE ROAD

MORNINGSIDE, QUEENSLAND

LEASE EXPIRY PROFILE (BY INCOME)

Location

Description

41 BIVOUAC PLACE

WACOL, QUEENSLAND

Location

Description

LEASE EXPIRY PROFILE (BY INCOME)

1-9 KELLAR STREET

BERRINBA, QUEENSLAND

LEASE EXPIRY PROFILE (BY INCOME)

Location

Description

67 NOOSA STREET

HEATHWOOD, QUEENSLAND

Location

Description

LEASE EXPIRY PROFILE (BY INCOME)

38, 56, 69 PETERKIN STREET ACACIA RIDGE, QUEENSLAND

Location

Description

LEASE EXPIRY PROFILE (BY INCOME)

69 PETERKIN STREET (STAGE 1A) ACACIA RIDGE, QUEENSLAND

498 PROGRESS ROAD (‘PINNACLE ON PROGRESS’ EAST & WEST) WACOL, QUEENSLAND

Location

Description

LEASE EXPIRY PROFILE (BY INCOME)

372-402 PROGRESS ROAD

WACOL, QUEENSLAND

Location

Description

109-135 BOUNDARY ROAD

NORTH LAKES, QUEENSLAND

Location

Description

56-72 BANDARA STREET

RICHLANDS, QUEENSLAND

Location

Description

OFFICE

OFFICE OVERVIEW

BUILDING 9, 588A SWAN STREET

RICHMOND, VICTORIA

Location

LEASE EXPIRY PROFILE (BY INCOME)

Description

GARDA PROPERTY GROUP Investor Presentation 2021