Located in Wedgefield Industrial Estate in Port Hedland, this 1948m2 industrial property was purchased in April 2012.

 

The site consisted of a commercial factory building and a caretaker’s residence with the balance of the site being hardstand. The property was leased to an international mining services tenants for 5 years, with two further options, and providing a 10% return to investors.

 

Redevelopment of part of the site added offices, and extra laboratories, with the existing tenants remaining open for business. Completion of accomodation for 6 on site added further development and increased returns for the property.

 

This add-value low risk style of investment strongly aligns with Core Capital’s investment model.  It is Core Capital’s view that maintaining a strong income on a property whilst constructing further building and new lettable space is an attractive option for investors in the current market.

 

Core Capital was proud to work with Dorado and Day Capital on this project.