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. 

Asset Information

  • Asset typeIndustrial
  • Year built2006
  • TitleLeasehold
  • Asset locationMelbourne, South East
  • ZoningIndustrial 2 Zone
  • Site area (hectares)3.6
  • Site coverage (%)56
  • Lettable area ('000sqm)20.2
  • Lettable area adjusted for ownership ('000sqm)20.2
  • Number of buildings1
  • Car parking spaces292
  • OwnerDXI
  • Ownership (%)100
  • Major tenantResidentia Group (HOA)
  • Book value at ownership ($m)38.0
  • Independent valuation dateJune 2023
  • Independent valuation at ownership ($m)38.0
  • Market cap rate (%)5.50
  • Leased by area (%)100
  • Weighted lease term by income (years)4.8
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