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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. The site features on site cafes and a multi-level car park.

Description

This A-Grade office building, comprising five levels, was constructed in 2016. The ground floor features retail cafe facilities and substantial on site car parking is provided in a separate multi-level car park.

Amenities
End of trip
Parking
Nearby transport
Cafe
Asset summary
as at 31 December 2019
Title
Freehold
Site area
11,070 sqm
Lettable area
10,289 sqm
Occupancy
100 %
WALE (by income)
3.2 years
Major tenant
BMW Australia Finance
NABERS Energy rating
-
Valuation summary
Book value
$ 62.4 m
Valuation date
31-Dec-19
Cap rate
6.00 %
Discount rate
7.00 %