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Location

Located eight kilometres east of the Melbourne CBD, the property adjoins the Camberwell Junction shopping precinct and is within walking distance to the affluent Burke Road retail strip. The area provides a selection of dining, entertainment, and shopping amenities and is accessible by road, rail and tram services.

Description

A modern A-grade office building completed in 2020, comprising three levels of office space, ground floor retail and basement car parking for 304 vehicles. The office floors provide large floor plates suitable for single or multiple occupation. Onsite amenities include end-of-trip, bike storage, gymnasium and ground-floor cafe.

Amenities
End of trip
Cafe
Parking
Nearby transport
Asset summary
as at 31 January 2022
Title
Freehold
Lettable area
10,232 sqm
Occupancy
99 %
WALE (by income)
6.8 years
Major tenant
Miele Australia
Valuation summary
Book value
$ 122.0 m
Valuation date
31-Jan-22
Cap rate
4.75 %
Discount rate
5.75 %
Location

Located eight kilometres east of the Melbourne CBD, the property adjoins the Camberwell Junction shopping precinct and is within walking distance to the affluent Burke Road retail strip. The area provides a selection of dining, entertainment, and shopping amenities and is accessible by road, rail and tram services.

Description

A modern A-grade office building completed in 2020, comprising three levels of office space, ground floor retail and basement car parking for 304 vehicles. The office floors provide large floor plates suitable for single or multiple occupation. Onsite amenities include end-of-trip, bike storage, gymnasium and ground-floor cafe.