81 Rushdale Street, Knoxfield

Overview

A fully leased industrial building in the Knoxfield industrial area, this property is a high clearance warehouse of approximately 7.5 metres accessible via 3 roller shutter doors with a GLA of 6,106 sqm. It is well located near the EastLink and Monash Freeway, providing fast access to the Melbourne CBD and is 100% occupied by Australian Glass Group, a manufacturer and supplier of retail glazing products.

Asset Information

  • Asset typeIndustrial
  • Year built1988
  • TitleFreehold
  • Asset locationMelbourne, South East
  • ZoningIndustrial 1 (IN1)
  • Site area (hectares)1.1
  • Site coverage (%)54
  • Lettable area ('000sqm)6.1
  • Lettable area adjusted for ownership ('000sqm)6.1
  • Number of buildings1
  • Car parking spaces97
  • OwnerDXI
  • Ownership (%)100
  • Major tenantAustralian Glass Group Holdings Pty Ltd
  • Acquisition dateMay 2019
  • Book value at ownership ($m)13.0
  • Independent valuation dateJune 2023
  • Independent valuation at ownership ($m)13.0
  • Market cap rate (%)5.00
  • Leased by area (%)100
  • Weighted lease term by income (years)11.8
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