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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 31 December 2019
Title
Freehold
Site area
3,529 sqm
Lettable area
12,388 sqm
Occupancy
100 %
WALE (by income)
4.4 years
Major tenant
Orora
NABERS Energy rating
4.5 stars
Valuation summary
Book value
$ 115.8 m
Valuation date
31-Dec-19
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.