89 West Park Drive, Derrimut

The property is located within the West Park Industrial Estate in Derrimut, approximately 16 kilometres west of the Melbourne Central Business District. The property comprises an industrial facility constructed in 2007 and subdivided into two tenancies totalling 17,024 sqm of GLA. The facility incorporates a portal framed, high clearance warehouse, with offices predominantly built within the warehouse roofline. On-site car parking is provided via approximately 72 car spaces situated to the southern boundary of the site and via approximately 71 car spaces to the northern boundary. The entire premise is leased to The Dempsey Group.

Summary1
Ownership interest 100%
Title Effective freehold
Book Value $21,000,000
Independent valuation metrics
Valuer CBRE
Valuation date 30 June 2018
Capitalisation rate 6.00%
Property statistics1
NLA (sqm) 17,024
Site area (sqm) 29,960
Occupancy (by area) 100%
WALE (years, by area) 4.2
Completion date August 2007
Age (years) 11
  1. As at 30 June 2018.