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Location
The property is situated approximately five kilometres east of the Melbourne CBD within the Botanicca Corporate Park. Located next to the Yarra River Park precinct, the building has access to sporting facilities and is serviced by both metro rail and tram services as well as the M1 Freeway.
Description
The building was constructed in 2006 and consists of three-levels of basement car parking and four levels of A-Grade office space with a central atrium. During 2017, the building underwent an extensive fit-out to upgrade the facilities for new long-term tenant, Country Road Group.
Amenities
Parking
Nearby transport
Sustainability ratings
3.0
NABERS Energy rating
Asset summary
as at 30 June 2020
Title
Freehold
Site area
7,130 sqm
Lettable area
14,602 sqm
Occupancy
100 %
WALE (by income)
12.0 years
Major tenant
Country Road Group
Valuation summary
Book value
$ 112.5 m
Valuation date
30-Jun-20
Cap rate
5.25 %
Discount rate
6.25 %
Location
The property is situated approximately five kilometres east of the Melbourne CBD within the Botanicca Corporate Park. Located next to the Yarra River Park precinct, the building has access to sporting facilities and is serviced by both metro rail and tram services as well as the M1 Freeway.
Description
The building was constructed in 2006 and consists of three-levels of basement car parking and four levels of A-Grade office space with a central atrium. During 2017, the building underwent an extensive fit-out to upgrade the facilities for new long-term tenant, Country Road Group.