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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 office to the rear. Extensive on-site parking is provided. The property includes adjoining expansion land of approximately 5,750 sqm.
Asset summary
as at 30 June 2021
Title
Freehold
Site area
40,844 sqm
Lettable area
22,009 sqm
Occupancy
100 %
WALE (by income)
4.3 years
Major tenant
Brown & Watson International
Valuation summary
Book value
$ 55.3 m
Valuation date
30-Jun-21
Cap rate
4.75 %
Discount rate
6.00 %
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 office to the rear. Extensive on-site parking is provided. The property includes adjoining expansion land of approximately 5,750 sqm.