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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. Dandenong has recently benefited from $700 million in urban renewal investment.

Description

Constructed in 2011, the asset offers 15,071 sqm of quality accommodation with ground floor retail, seven floors of A-grade office accommodation and secure basement parking for 204 vehicles. The building has high sustainability credentials, with a 5.5 Star NABERS Energy rating, 6.0 Star NABERS Water rating and 6.0 Star Green Star rating.

Amenities
End of trip
Parking
Nearby transport
Concierge
Cafe
Sustainability ratings
5.5
NABERS Energy
6.0
NABERS Water
Asset summary
as at 27 July 2022
Title
Freehold
Site area
2,502 sqm
Lettable area
15,071 sqm
Occupancy
100 %
WALE (by income)
9.4 years
Major tenant
Victorian State Government
Valuation summary
Book value
$ 165.0 m
Valuation date
27-Jul-22
Cap rate
4.88 %
Discount rate
5.75 %
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. Dandenong has recently benefited from $700 million in urban renewal investment.

Description

Constructed in 2011, the asset offers 15,071 sqm of quality accommodation with ground floor retail, seven floors of A-grade office accommodation and secure basement parking for 204 vehicles. The building has high sustainability credentials, with a 5.5 Star NABERS Energy rating, 6.0 Star NABERS Water rating and 6.0 Star Green Star rating.