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Location

The property is located within the Altona Industrial Estate, approximately 12 kilometres west of the Melbourne CBD. It has direct access to multiple transport facilities and is close to both the Westgate and Princess Highways.

Description

Constructed in 2013, this property comprises internal mezzanine offices and three separate warehouses with high-clearance, multiple access points and loading zones.

Asset summary
as at 31 December 2019
Title
Freehold
Site area
41,730 sqm
Lettable area
25,743 sqm
Occupancy
100 %
WALE (by income)
3.8 years
Major tenant
Peter Stevens Motorcycles
Valuation summary
Book value
$ 36.2 m
Valuation date
31-Dec-19
Cap rate
6.00 %
Discount rate
6.75 %
Location

The property is located within the Altona Industrial Estate, approximately 12 kilometres west of the Melbourne CBD. It has direct access to multiple transport facilities and is close to both the Westgate and Princess Highways.

Description

Constructed in 2013, this property comprises internal mezzanine offices and three separate warehouses with high-clearance, multiple access points and loading zones.