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Location

The property is located in Kilsyth approximately 30 kilometres east of the Melbourne CBD.

Description

This steel frame warehouse was constructed in 1990 and refurbished in 2005. It is used for manufacturing and storage including laboratory areas, office and on site parking.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
17,610 sqm
Lettable area
8,919 sqm
Occupancy
100 %
WALE (by income)
3.9 years
Major tenant
Cummins Filtration
Valuation summary
Book value
$ 12.9 m
Valuation date
31-Dec-19
Cap rate
6.00 %
Discount rate
7.00 %