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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 train and bus services.
Description
This A-Grade office building, comprising five levels, was constructed in 2016. The ground floor features retail cafe facilities and a childcare centre. Substantial on-site car parking is also provided in a separate multi-level car park.
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 2021
Title
Freehold
Site area
11,070 sqm
Lettable area
10,289 sqm
Occupancy
64 %
WALE (by income)
1.7 years
Major tenant
Concentrix
Valuation summary
Book value
$ 58.6 m
Valuation date
31-Dec-21
Cap rate
6.13 %
Discount rate
6.38 %
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 train and bus services.
Description
This A-Grade office building, comprising five levels, was constructed in 2016. The ground floor features retail cafe facilities and a childcare centre. Substantial on-site car parking is also provided in a separate multi-level car park.