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Location
The property is situated within the Key Industrial Park, a sought after location, approximately 30 kilometres south-east of the Melbourne CBD. It has easy access to EastLink, Dandenong Bypass and South Gippsland Highway.
Description
The property was constructed in 2014 and comprises an office/warehouse facility.
Asset summary
as at 30 June 2020
Title
Freehold
Site area
11,650 sqm
Lettable area
6,455 sqm
Occupancy
100 %
WALE (by income)
6.8 years
Major tenant
Wabtec Australia
Valuation summary
Book value
$ 9.4 m
Valuation date
30-Jun-20
Cap rate
5.50 %
Discount rate
6.50 %
Location
The property is situated within the Key Industrial Park, a sought after location, approximately 30 kilometres south-east of the Melbourne CBD. It has easy access to EastLink, Dandenong Bypass and South Gippsland Highway.
Description
The property was constructed in 2014 and comprises an office/warehouse facility.