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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

Constructed in 2014, the property comprises a two-level office and high-clearance warehouse which features on-grade and recessed loading docks with canopy.

Asset summary
as at 31 December 2020
Title
Freehold
Site area
11,650 sqm
Lettable area
6,455 sqm
Occupancy
100 %
WALE (by income)
6.3 years
Major tenant
Wabtec Australia
Valuation summary
Book value
$ 10.4 m
Valuation date
31-Dec-20
Cap rate
5.00 %
Discount rate
6.25 %
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

Constructed in 2014, the property comprises a two-level office and high-clearance warehouse which features on-grade and recessed loading docks with canopy.