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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 30 June 2021
Title
Freehold
Site area
12,795 sqm
Lettable area
7,645 sqm
Occupancy
100 %
WALE (by income)
0.9 years
Major tenant
NGK Spark Plug
Valuation summary
Book value
$ 14.5 m
Valuation date
30-Jun-21
Cap rate
5.00 %
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
Constructed in 2007, this office/warehouse facility features high-clearance accommodation, on-grade and recessed loading areas and drive around access.