32-40 Garden Street, Kilsyth

The property is located in Kilsyth, an established industrial location approximately 30 kilometres east from the Melbourne Central Business District. The existing premises were expanded and renovated, with 7,200 sqm of the total 10,647 sqm GLA having been constructed in 2007. A modern two storey office building and an adjoining high clearance warehouse were retained and have now been supplemented by factory, warehouse and hardstand additions. There is approximately 11,500 sqm of vacant land available for future expansion to the rear of the property and there is an on-site car park providing approximately 150 car spaces. The property is leased to Radio Frequency Systems.

Summary1
Ownership interest 100%
Title Effective freehold
Book Value $18,250,000
Independent valuation metrics
Valuer CBRE
Valuation date 30 June 2018
Capitalisation rate 6.50%
Property statistics1
NLA (sqm) 10,647
Site area (sqm) 37,140
Occupancy (by area) 100%
WALE (years, by area) 6.5
Completion date November 2007
Age (years) 11
  1. As at 30 June 2018.