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Location

The property is located approximately 26 kilometres from the Melbourne CBD and has access to one of Melbourne’s largest roadways, EastLink.

Description

Constructed in 2007, this office/warehouse facility features high-clearance and multiple loading areas with drive around access.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
12,795 sqm
Lettable area
7,645 sqm
Occupancy
100 %
WALE (by income)
2.4 years
Major tenant
NGK Spark Plug
Valuation summary
Book value
$ 12.7 m
Valuation date
31-Dec-19
Cap rate
6.00 %
Discount rate
6.75 %