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Funds & Investing / Property Funds / PIPF / Property Portfolio

7 Hi-Tech Court, Eight Mile Plains, QLD

7 Hi-Tech Court, Brisbane

Offices, Research and Warehouse Facility

This is a two-storey building in the hi-tech style combination of offices, research and warehouse facilities. It has good exposure to the adjacent main road, being Logan Road although it does not have direct vehicular access from it. The attractively coloured façade blends well with the landscaped gardens and the 38 car bays on-site adjacent the building. There is a security gate at the entrance.

It is located in the cul-de-sac of Hi-Tech Court situated centrally within the Park. It is of tilt-frame concrete construction, also built by Graystone Pty Ltd. It was built in 1999.

The site is not fully developed. A building extension of 580 m2 could be added in future.

10 Brandl Street, Eight Mile Plains, QLD

10 Brandl Street, Brisbane

Offices, Research and Warehouse Facility

This is an attractive two-storey building described as a hi-tech style combination of offices, research and warehouse facilities.

It is located in a prime position at the entrance to the Park, on the high side of Brandl Street. It is set in landscaped gardens with 83 car bays on-site adjacent to the building.

It is of tilt-frame concrete construction, built by Graystone Pty Ltd,
which has been the lead developer of premises in the Park. It was built in 2001.

The site is not fully developed. There is the potential to develop further building space up to a maximum of 1,050 m2.

15 Brandl Street, Eight Mile Plains, QLD

15 Brandl Street, Brisbane

Offices and Production Warehouse Facility

This building comprises hi-tech office and production/warehouse premises, the latter set out as a clean room for the manufacture of advanced electronic parts. The offices are two-storey, while the production/warehouse facility is single storey. There are 60 car bays.

It is situated on Brandl Street and, like 10 Brandl Street above, it is close to the Park entrance.

It is also of tilt-frame concrete construction, and built by Graystone Pty Ltd. It was built in 2002.

The site is fully developed.

36 Brandl Street, Eight Mile Plains, QLD 

36 Brandl Street, Brisbane

Offices, Research and Warehouse Facility

This is an individually designed two-storey building also described as a hi-tech style combination of offices, research and warehouse facilities. It is located on the high side of Brandl Street, on the corner of McKechnie Drive. It is set in landscaped gardens with 64 car bays on-site adjacent the building.

It is of tilt-frame concrete construction, also built by Graystone Pty Ltd. It was built in 2001.

The site is fully developed. The building is divided into three separate tenancies.

69 Brandl Street, Eight Mile Plains, QLD

69 Brandl Street, Brisbane

Offices/Accommodation and Warehouse Facility

This building has a two-storey office and staff accommodation section, and a single-story warehouse having an eight metre internal height.

It is centrally situated on Brandl Street and is adjacent to the Pacific Highway. Vehicular access is from Brandl Street.

It is also of tilt-frame concrete construction, and built by Graystone
Pty Ltd. It was built in 2002.

The site is fully developed.

30 Magnet Road, Canning Vale, WA

30 Magnet Road, Canning Vale, Perth

Industrial Office, Warehouse, Food Processing Facility

The property is in Canning Vale, 14 km south of Perth, Western Australia. The building comprises a suite of offices, together with storage and warehousing facilities, food processing areas, and two modern cold stores with related freezer and food storage areas.

The tenant company, Canon Foods Services Pty Ltd., has leased the premises since 2003 and added an 8 metre high cold store. Canon Food Services Pty Ltd will continue to occupy the premises under a lease of 15 years duration, with two 5-year options.

50 Lionel Street, Naval Base, WA

Naval Base, Perth

Industrial Office, Warehouse, Manufacturing Facility

The property comprises three main buildings, including a warehouse with approximately 8.5 metre clearance, a warehouse/manufacturing facility with approximately 5 metre clearance, and an office building. The tenant company, ED Oates, has been in occupation as an owner-occupier for over 25 years. The company carries out the manufacture, warehousing and distribution of household cleaning products such as brooms and plastic dustpans from these premises.

The lease commenced 1 July 2005. The rent commenced at $232,238 p.a. with the lessee paying all outgoings including statutory outgoings. The rent increases in line with inflation or 2.5% each year whichever is less, with a market review at the commencement of the option period on 1 July 2010.

Units 1 – 4 Purdy Place, Canning Vale, WA

Units 1-4 Purdy Place, Canning Vale

Office & Warehouse Facilities

The property has been developed with a large industrial/warehouse complex which incorporates office, showroom and amenity accommodation. The design of the complex is such that the overall space can be utilised, if required, as four separate units.

Construction of the building is of concrete tilt panel walls and a metal deck roof. Units 1 and 2 have an approximate truss height of 9m and Units 3 and 4 an approximate truss height of 7m.

The property is located on the south east corner of Vinnicombe Drive and Purdy Place, Canning Vale, some 14 km south of Perth, Western Australia.

This site is fully developed.

6 Frances Drive, Palmerston, NT

6 Frances Drive, Palmerston, Darwin NT

Office Facility

This is a two storey office building, centrally located within the commercial and retail hub of Palmerston. Another office building backs onto it at the rear.  There is no onsite car parking which is characteristic for Darwin buildings where the government has planned the layout. However, ample public parking is available nearby.

Frances Drive has received a streetscape upgrade by the NT Government, with brick paved road, recessed car parking bays and new street lighting. The Palmerston Shopping Centre (actually two separate centres with one based on Target and another based on Coles) is approx. 200m away, a short walk. This places the subject property right in the centre of the commercial and retail precinct.

103 Western Avenue, Tullamarine, VIC

103 Western Avenue, Tullamarine, VIC - artist's impression
(Artist's Impression)

Offices and Warehouse Facility

This is a brand new property located in Tullamarine, Melbourne.
The 6,100 m2 building being erected on the Fund's new site consists of 1,600 m2 of office space and a 4,500 m2 warehouse. Completion of the project is expected by the end of June 2007. The building has been pre-let on a five (5) year lease, plus five year option to Eagle Global Logistics (Aust) Pty Ltd with annual 4% rent increase and a market review at the end of the term. A 12-month bank guarantee will be provided by the tenant.

The property is conveniently located almost adjacent to the landmark "The Age" glass-clad building, just 20 minutes from Melbourne's CBD. It is of tilt-frame concrete construction, built by respected Melbourne developer MAB Corporation.

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