181 Belmont

This strategic 10,700sqm site features a three-level office building with a net lettable area of 4,036m2. Comprising two separate lots, with the office building and 109 car bays located on 181 Great Eastern Highway (5,746m2), and a further 126 car bays located at 67 Cleaver Street (4,956m2). The properties are connected via a green pedestrian pathway known as Severin Walk.

The asset was acquired on an initial 7.7% yield and will provide 9.4% per annum return to the ADC investors via monthly distributions, increasing over the seven year investment term.