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Industrial VPT
65-75 Strezlecki Ave, Sunshine VIC, Australia
Description
A modern distribution facility incorporating a two storey office with three adjoining buildings including; receiving and despatch, transport line haul and warehouse together with an additional two contiguous warehouses. The buildings have a total GLA of 23,289sqm on a site of 42,456sqm, reflecting a site coverage of 55%.
The buildings were constructed in 2005 with an extension to warehouse one completed early 2008.
Location
Located within an established and well regarded industrial location approximately 15 kilometres west of the Melbourne CBD. Situated in close proximity to the Western Ring Road linking to the freeway network. Major occupiers within the locality include Fosters, Murray Goulburn, Bridgestone, Visy, Australia Post and ALDI.
Key Information
- Ownership VPT
- Acquisition 7/11/2007
- Purchase Price ($,000) 21,231
- Book Value ($,000) 21,200 (at 31/12/07)
- Independant Valuation Date 1/10/2007
- Independant Valuation ($,000) 21,231
- Independant Valuer m2property
- Valuation Cap Rate 6.75%
-
Net Lettable Area
Other: 23,289 sqm
- Occupancy as at 31/12/2007 100%
- No. Of Tenants 1
- WALE as at 31/12/2007 4.5 years
- Rent Review Structure 3.50% pa/market at option
- Age of Building 2005 & 2008
Contact Details
- Martin Hanratty
- 02 8257 6706