80-96 South Park Drive, Dandenong South
Overview
The property is located within the South Park Industrial Estate, an established industrial precinct approximately 35 kilometres south-east of the Melbourne CBD. The property comprises an industrial facility constructed in 2006, subdivided across two tenancies totalling 20,245 sqm of GLA. The facility incorporates a portal framed, high clearance warehouse, with offices predominantly built within the warehouse roofline. There are 292 on-site car parking spaces.
Property Information
- Building typeIndustrial
- Year built2006
- TitleEffective freehold
- Metro areaMelbourne, South East
- ZoningIndustrial 2 Zone
- Site area (hectares)3.7
- Site coverage (%)56.3
- Lettable area ('000sqm)20.2
- Lettable area adjusted for ownership ('000sqm)20.2
- Number of buildings1
- Car parking spaces292
- OwnerDXI
- Ownership (%)100
- Major tenantBettapak and Calibre Logistics Group
- Book value at ownership ($m)36.4
- Independent valuation dateDecember 2021
- Independent valuation at ownership ($m)36.4
- Market cap rate (%)4.75
- Leased by area (%)100
- Weighted lease term by income (years)4.1