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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

This property was constructed in 2009 and comprises an office building with warehouse facility to the rear. Extensive on site parking is provided. The property includes adjoining expansion land of approximately 5,750 sqm.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
40,844 sqm
Lettable area
22,009 sqm
Occupancy
100 %
WALE (by income)
5.9 years
Major tenant
Brown & Watson International
Valuation summary
Book value
$ 46.2 m
Valuation date
31-Dec-19
Cap rate
5.75 %
Discount rate
6.75 %