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Location
The property is situated in a premium metro location, approximately seven kilometres east of the Melbourne CBD. It is easily accessed by road and public transport, being close to metro rail and tram services, and major roadways (Eastern and M1 Freeways). The immediate area provides access to restaurants, cafes, shops and supermarkets.
Description
Built in 2008, the property comprises five levels of A-Grade office space with a ground floor cafe and basement car parking. The property was refurbished in 2018 with basement end-of-trip and bike lockup facilities installed. This building has a 4.5 star NABERS Energy rating and a 5.0 star NABERS Water rating.
Amenities
End of trip
Parking
Nearby transport
Cafe
Sustainability ratings
4.5
NABERS Energy rating
5.0
NABERS Water rating
Asset summary
as at 30 June 2020
Title
Freehold
Site area
3,529 sqm
Lettable area
12,388 sqm
Occupancy
99 %
WALE (by income)
4.2 years
Major tenant
Orora
Valuation summary
Book value
$ 113.0 m
Valuation date
30-Jun-20
Cap rate
5.50 %
Discount rate
6.50 %
Location
The property is situated in a premium metro location, approximately seven kilometres east of the Melbourne CBD. It is easily accessed by road and public transport, being close to metro rail and tram services, and major roadways (Eastern and M1 Freeways). The immediate area provides access to restaurants, cafes, shops and supermarkets.
Description
Built in 2008, the property comprises five levels of A-Grade office space with a ground floor cafe and basement car parking. The property was refurbished in 2018 with basement end-of-trip and bike lockup facilities installed. This building has a 4.5 star NABERS Energy rating and a 5.0 star NABERS Water rating.