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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 a high-clearance warehouse and two-level office. Access to the warehouse is via both on-grade doors and recessed loading docks with canopy.

Asset summary
as at 31 December 2020
Title
Freehold
Site area
19,210 sqm
Lettable area
11,430 sqm
Occupancy
100 %
WALE (by income)
2.0 years
Major tenant
Sales Force National
Valuation summary
Book value
$ 17.2 m
Valuation date
31-Dec-20
Cap rate
5.50 %
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

The property was constructed in 2014 and comprises a high-clearance warehouse and two-level office. Access to the warehouse is via both on-grade doors and recessed loading docks with canopy.