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Location

The property is situated approximately 26 kilometres east of the Melbourne CBD and has access to one of Melbourne's largest roadways, EastLink. The location is a well-established industrial area.

Description

This industrial facility was constructed in 2000 and comprises a two-level office and warehouse with side loading. The site features two street frontages and has on-site parking.

Asset summary
as at 31 December 2020
Title
Freehold
Site area
14,750 sqm
Lettable area
8,040 sqm
Occupancy
100 %
WALE (by income)
0.2 years
Major tenant
Opal Packaging
Valuation summary
Book value
$ 14.2 m
Valuation date
31-Dec-20
Cap rate
5.25 %
Discount rate
6.00 %
Location

The property is situated approximately 26 kilometres east of the Melbourne CBD and has access to one of Melbourne's largest roadways, EastLink. The location is a well-established industrial area.

Description

This industrial facility was constructed in 2000 and comprises a two-level office and warehouse with side loading. The site features two street frontages and has on-site parking.