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Location

The property is located within Melbourne Airport Business Park, an industrial precinct, approximately 16 kilometres north of the Melbourne CBD. The location is sought after due to its close proximity to the airport and surrounding key roadways. It has easy access to the Western Ring Road, Tullamarine Freeway and Calder Highway.

Description

Constructed in 2003, the property comprises a modern office and warehouse facility and on site parking.

Asset summary
as at 31 December 2019
Title
Leasehold
Site area
24,799 sqm
Lettable area
14,082 sqm
Occupancy
100 %
WALE (by income)
7.9 years
Major tenant
Direct Couriers
Valuation summary
Book value
$ 9.5 m
Valuation date
31-Dec-19
Cap rate
8.00 %
Discount rate
7.00 %