The site is located in one of Melbourne’s fastest growing and well regarded industrial suburbs 16km west of the Melbourne CBD. The site has good access major transport highways and ring roads and is surrounded by a number of other high quality industrial estates.
The warehouse was completed in August 2013 and consists of a front single storey office which is attached to a high bay warehouse that has loading access to its eastern and western boundaries. It is leased to three tenants with staggered lease profiles. The configuration can be split into four tenancies or consolidated into 1 or 2 tenancies. This provides expansion opportunities for existing tenants should vacancies arise.
|Valuation date||December 2015|
|Acquisition date||October 2013|
|Gross lettable area||30,994m2|
|WALE by income||1.2 Years|
|Rent review stucture||Fixed|
|Major tenants by income||Susskind & Danziger Pty Ltd, Hitachi Transport Systems and United Wholesalers|
|Valuation range||$10-30 million|