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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
This purpose-built factory and warehouse, constructed in 2003, includes offices and staff amenities and features a high-capacity electrical power supply. Front and rear loading is provided.
Asset summary
as at 30 June 2021
Title
Leasehold
Site area
34,726 sqm
Lettable area
16,276 sqm
Occupancy
100 %
WALE (by income)
1.9 years
Major tenant
Garden City Planters
Valuation summary
Book value
$ 11.9 m
Valuation date
30-Jun-21
Cap rate
7.50 %
Discount rate
6.25 %
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
This purpose-built factory and warehouse, constructed in 2003, includes offices and staff amenities and features a high-capacity electrical power supply. Front and rear loading is provided.