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Location

The property is situated within the Key Industrial Park, a sought-after location, approximately 30 kilometres south-east of the Melbourne CBD. It has easy access to EastLink, Dandenong Bypass and South Gippsland Highway.

Description

Constructed in 2013, this high-spec distribution facility comprises ambient and temperature controlled environments and high-bay clearance. The property includes adjoining expansion land of approximately 3,000 sqm.

Asset summary
as at 31 December 2020
Title
Freehold
Site area
26,181 sqm
Lettable area
12,864 sqm
Occupancy
100 %
WALE (by income)
8.0 years
Major tenant
Symbion
Valuation summary
Book value
$ 31.0 m
Valuation date
31-Dec-20
Cap rate
4.75 %
Discount rate
6.50 %
Location

The property is situated within the Key Industrial Park, a sought-after location, approximately 30 kilometres south-east of the Melbourne CBD. It has easy access to EastLink, Dandenong Bypass and South Gippsland Highway.

Description

Constructed in 2013, this high-spec distribution facility comprises ambient and temperature controlled environments and high-bay clearance. The property includes adjoining expansion land of approximately 3,000 sqm.