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Location
The property is situated approximately 20 kilometres from the Melbourne CBD within the Monash technology precinct and is conveniently accessed via Springvale Road, the M1 Freeway and metro bus services. The site features on site cafes and a multi-level car park.
Description
This seven-level, A-Grade office building was constructed in 2015 and features abundant natural light and premium end-of-trip facilities. The building has excellent green credentials with a 5.5 star NABERS Energy rating and 6.0 star NABERS Water rating.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.5
NABERS Energy rating
6.0
NABERS Water rating
Asset summary
as at 31 December 2023
Title
Freehold
Site area
11,040 sqm
Lettable area
12,780 sqm
Occupancy
99 %
WALE (by income)
2.2 years
Major tenant
Monash University
Valuation summary
Book value
$ 74.5 m
Cap rate
6.50 %
Discount rate
7.25 %
Location
The property is situated approximately 20 kilometres from the Melbourne CBD within the Monash technology precinct and is conveniently accessed via Springvale Road, the M1 Freeway and metro bus services. The site features on site cafes and a multi-level car park.
Description
This seven-level, A-Grade office building was constructed in 2015 and features abundant natural light and premium end-of-trip facilities. The building has excellent green credentials with a 5.5 star NABERS Energy rating and 6.0 star NABERS Water rating.