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Location

The property is located in Truganina, one of Melbourne’s sought after industrial areas, approximately 18 kilometres west of the Melbourne CBD. It has easy access to both the Princess Freeway and the Western Ring Road.

Description

This newly completed logistics property comprises a large warehouse with office facilities located at each end, enabling the warehouse to be split into two components and separately leased, if required.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
49,810 sqm
Lettable area
31,092 sqm
Occupancy
100 %
WALE (by income)
2.7 years
Major tenant
HB Commerce
Valuation summary
Book value
$ 38.3 m
Valuation date
31-Dec-19
Cap rate
6.00 %
Discount rate
6.50 %