57-67 Mark Anthony Drive, Dandenong

Overview

The property comprises of 7,830 square metres of warehousing with drive around B-double access, high clearance and multiple cranes. The tenant is U-Neek Bending, a steel fabrication business established in 1964 specialising in defence, infrastructure and energy projects.

Property Information

  • Building typeIndustrial
  • Year built2015
  • TitleFreehold
  • Metro areaMelbourne, South East
  • ZoningIndustrial 2 Zone
  • Site area (hectares)1.5
  • Site coverage (%)52.5
  • Lettable area ('000sqm)7.8
  • Lettable area adjusted for ownership ('000sqm)7.8
  • Number of buildings1
  • Car parking spaces104
  • OwnerDXI
  • Ownership (%)100
  • Major tenantU-Neek Bending
  • Acquisition dateJuly 2021
  • Book value at ownership ($m)14.2
  • Independent valuation dateDecember 2021
  • Independent valuation at ownership ($m)14.225
  • Market cap rate (%)4.75
  • Leased by area (%)100
  • Weighted lease term by income (years)9.6
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