13 Ricky Way, Epping

The combined site consists of two warehouse facilities with street frontages to both Ricky Way and Jersey Drive, situated in the north of Melbourne at Epping, in close proximity to Melbourne Market. The 11,211 sqm under roof serves as a head office, production and logistics facility for food service industry supplier, Edlyn Foods. Edlyn Foods is a long-standing business with a history that dates back to the 1920s, and services businesses ranging from quick services restaurants to hospitals and aged care facilities. The warehouses are of modern, high clearance steel portal design.

Summary1
Ownership interest 100%
Title Freehold
Book Value $15,700,000
Independent valuation metrics
Valuer Urbis
Valuation date 30 June 2018
Capitalisation rate 6.50%
Property statistics1
NLA (sqm) 11,211
Site area (sqm) 21,080
Occupancy (by area) 100%
WALE (years, by area) 6.5
Completion date July 2008
Age (years) 6
  1. As at 30 June 2018.