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Location
Centrally located in Dandenong, a growing major urban centre 30 kilometres south-east of Melbourne, the asset is well positioned for transport and retail amenities being approximately 400 metres from both the Dandenong railway station and regional shopping centre Dandenong Plaza.
Description
Constructed in 2011, the asset offers 15,071 sqm of quality accommodation with ground floor retail, seven floors of A-grade office space and secure basement parking for 204 vehicles. The building has high sustainability credentials with a 5.5 Star NABERS Energy rating and a 6.0 Star NABERS Water rating.
Amenities
End of trip
Parking
Nearby transport
Concierge
Sustainability ratings
5.5
NABERS Energy rating
6.0
NABERS Water rating
Asset summary
as at 30 June 2024
Title
Freehold
Site area
2,502 sqm
Lettable area
15,071 sqm
Occupancy
100 %
WALE (by income)
7.5 years
Major tenant
VIC Government
Valuation summary
Book value
$ 140.0 m
Valuation date
30-Jun-24
Cap rate
6.00 %
Discount rate
6.75 %
Location
Centrally located in Dandenong, a growing major urban centre 30 kilometres south-east of Melbourne, the asset is well positioned for transport and retail amenities being approximately 400 metres from both the Dandenong railway station and regional shopping centre Dandenong Plaza.
Description
Constructed in 2011, the asset offers 15,071 sqm of quality accommodation with ground floor retail, seven floors of A-grade office space and secure basement parking for 204 vehicles. The building has high sustainability credentials with a 5.5 Star NABERS Energy rating and a 6.0 Star NABERS Water rating.