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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. This building has a 5.5 star NABERS Energy rating and 6.0 star NABERS Water rating.

Sustainability ratings
5.5
NABERS Energy
6.0
NABERS Water
3.5
NABERS Indoor Environment
Asset summary
as at 30 June 2021
Title
Freehold
Site area
11,070 sqm
Lettable area
10,289 sqm
Occupancy
98 %
WALE (by income)
1.6 years
Major tenant
BMW Australia Finance
Valuation summary
Book value
$ 57.5 m
Valuation date
30-Jun-21
Cap rate
6.25 %
Discount rate
6.75 %
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. This building has a 5.5 star NABERS Energy rating and 6.0 star NABERS Water rating.