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
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