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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 30 June 2024
Title
Freehold
Site area
11,650 sqm
Lettable area
6,455 sqm
Occupancy
100 %
WALE (by income)
2.8 years
Major tenant
Wabtec Australia
Valuation summary
Book value
$ 15.1 m
Valuation date
30-Jun-24
Cap rate
5.50 %
Discount rate
7.25 %
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.