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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 30 June 2021
Title
Freehold
Site area
19,210 sqm
Lettable area
11,430 sqm
Occupancy
100 %
WALE (by income)
1.5 years
Major tenant
Sales Force National
Valuation summary
Book value
$ 19.4 m
Valuation date
30-Jun-21
Cap rate
5.00 %
Discount rate
6.00 %
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.