140 Sharps Road, Tullamarine

The property comprises a modern warehouse with an attached two level office component. The building was constructed in 2007 and has a GLA of 10,508 sqm. The warehouse provides high clearance accommodation, a semi enclosed sorting area and a semi-enclosed loading/unloading area. On-site car parking is provided via approximately 224 car spaces. The property is situated in Tullamarine, approximately 16 kilometres north-west of the Melbourne Central Business District. AAE Retail is the sole tenant of the property.

Summary1
Ownership interest 100%
Title Sub-leasehold
(31 years remaining)
Book Value $13,500,000
Independent valuation metrics
Valuer M3 Property
Valuation date 30 June 2018
Capitalisation rate 8.25%
Property statistics1
NLA (sqm) 10,508
Site area (sqm) 33,610
Occupancy (by area) 100%
WALE (years, by area) 4.3
Completion date October 2007
Age (years) 11
  1. As at 30 June 2018.