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Location
The property is located within Melbourne Airport Business Park, an industrial precinct, approximately 16 kilometres north of the Melbourne CBD. The location is sought after due to its close proximity to the airport and surrounding key roadways. It has easy access to the Western Ring Road, Tullamarine Freeway and Calder Highway.
Description
The property is a modern manufacturing and distribution centre with warehouse and a single-level office, constructed in 2003.
Asset summary
as at 30 June 2020
Title
Leasehold
Site area
34,726 sqm
Lettable area
16,276 sqm
Occupancy
100 %
WALE (by income)
7.9 years
Major tenant
Garden City Planters
Valuation summary
Book value
$ 12.3 m
Valuation date
30-Jun-20
Cap rate
8.00 %
Discount rate
6.75 %
Location
The property is located within Melbourne Airport Business Park, an industrial precinct, approximately 16 kilometres north of the Melbourne CBD. The location is sought after due to its close proximity to the airport and surrounding key roadways. It has easy access to the Western Ring Road, Tullamarine Freeway and Calder Highway.
Description
The property is a modern manufacturing and distribution centre with warehouse and a single-level office, constructed in 2003.