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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 2021
Title
Freehold
Site area
11,650 sqm
Lettable area
6,455 sqm
Occupancy
100 %
WALE (by income)
5.3 years
Major tenant
Wabtec Australia
Valuation summary
Book value
$ 14.7 m
Valuation date
31-Dec-21
Cap rate
4.25 %
Discount rate
5.75 %
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.