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Location

The property is approximately nine kilometres north of the Melbourne CBD. The property has access to major roads and transport services making it desirable for inner city services.

Description

The property comprises three factory/warehouses and a small stand-alone two-level office. Lighting at the site has been upgraded to LEDs and the premises are fully sprinklered. The property offers institutional-grade accommodation in a precinct that has historically been tightly held by private owners.

Asset summary
as at 31 December 2020
Title
Freehold
Site area
42,280 sqm
Lettable area
27,978 sqm
Occupancy
100 %
WALE (by income)
3.3 years
Major tenant
Paper Australia
Valuation summary
Book value
$ 36.5 m
Valuation date
31-Dec-20
Cap rate
6.00 %
Discount rate
6.25 %
Location

The property is approximately nine kilometres north of the Melbourne CBD. The property has access to major roads and transport services making it desirable for inner city services.

Description

The property comprises three factory/warehouses and a small stand-alone two-level office. Lighting at the site has been upgraded to LEDs and the premises are fully sprinklered. The property offers institutional-grade accommodation in a precinct that has historically been tightly held by private owners.