80-96 South Park Drive, Dandenong South

The property is located within the South Park Industrial Estate, an established industrial precinct approximately 35 kilometres south-east of the Melbourne Central Business District. The property comprises an industrial facility constructed in 2006, subdivided across two tenancies totalling 20,245 sqm of GLA. The facility incorporates a portal framed, high clearance warehouse, with offices predominantly built within the warehouse roofline. There are 292 on-site car parking spaces.

Summary1
Ownership interest 100%
Title Effective freehold
Book Value $23,500,000
Independent valuation metrics
Valuer CBRE
Valuation date 30 June 2018
Capitalisation rate 6.75%
Property statistics1
NLA (sqm) 20,245
Site area (sqm) 37,140
Occupancy (by area) 100%
WALE (years, by area) 5.6
Completion date December 2006
Age (years) 12
  1. As at 30 June 2018.