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Location
The property is situated in the Kingston Business Park, approximately 27 kilometres east of the Melbourne CBD, and has access to one of Melbourne's largest roadways, EastLink.
Description
Constructed in 2009, the property comprises a large warehouse with a two-level office to the front and additional self-contained office to the rear. Extensive on-site parking is provided. The property includes adjoining expansion land of approximately 5,750 sqm. A rooftop solar array has recently been installed at the site.
Asset summary
as at 31 December 2023
Title
Freehold
Site area
40,844 sqm
Lettable area
21,186 sqm
Occupancy
100 %
WALE (by income)
8.1 years
Major tenant
Brown & Watson International
Valuation summary
Book value
$ 59.1 m
Cap rate
5.25 %
Discount rate
7.00 %
Location
The property is situated in the Kingston Business Park, approximately 27 kilometres east of the Melbourne CBD, and has access to one of Melbourne's largest roadways, EastLink.
Description
Constructed in 2009, the property comprises a large warehouse with a two-level office to the front and additional self-contained office to the rear. Extensive on-site parking is provided. The property includes adjoining expansion land of approximately 5,750 sqm. A rooftop solar array has recently been installed at the site.