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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 an office/warehouse facility with high-clearance and recessed loading docks.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
19,210 sqm
Lettable area
11,430 sqm
Occupancy
100 %
WALE (by income)
3.0 years
Major tenant
Sales Force National
Valuation summary
Book value
$ 16.3 m
Valuation date
31-Dec-19
Cap rate
6.00 %
Discount rate
6.75 %