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