78 Henderson Road, Rowville

Overview

The property is located in Rowville, an established industrial location approximately 35 kilometres from the Port of Melbourne, and in close proximity to East Link and the M1 Motorway, which is attractive for occupiers that value speed to market when distributing goods. The location is also popular for small to medium sized businesses that need to access a well established and skilled workforce nearby. The 10,230 sqm warehouse was built in 2008 and has full drive-around B-double access. Ancillary site improvements include landscaped gardens, rainwater tanks, fire water tank and pump house, and perimeter drive facilitating single direction traffic movements. 

Property Information

  • Building typeIndustrial
  • Year built2007
  • TitleFreehold
  • Metro areaMelbourne, South East
  • ZoningIndustrial 1 Zone
  • Site area (hectares)2.2
  • Site coverage (%)46.2
  • Lettable area ('000sqm)10.2
  • Lettable area adjusted for ownership ('000sqm)10.2
  • Number of buildings1
  • Car parking spaces85
  • OwnerDXI
  • Ownership (%)100
  • Major tenantCMW Homewares
  • Acquisition dateDecember 2020
  • Book value at ownership ($m)20.2
  • Independent valuation dateDecember 2021
  • Independent valuation at ownership ($m)20.2
  • Market cap rate (%)4.50
  • Leased by area (%)100
  • Weighted lease term by income (years)1.9
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