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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

Constructed in 2007, this office/warehouse facility features high-clearance accommodation, on-grade and recessed loading areas and drive around access.

Asset summary
as at 31 December 2021
Title
Freehold
Site area
12,795 sqm
Lettable area
7,645 sqm
Occupancy
100 %
WALE (by income)
0.4 years
Major tenant
NGK Spark Plug
Valuation summary
Book value
$ 15.7 m
Valuation date
31-Dec-21
Cap rate
4.75 %
Discount rate
5.75 %
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

Constructed in 2007, this office/warehouse facility features high-clearance accommodation, on-grade and recessed loading areas and drive around access.