9-11 Somerton Park Drive, Somerton
Key Property Information
The property comprises an industrial facility, providing a single level freestanding office and warehouse, with surplus hardstand at the rear of the site.
The property is located in an established industrial location approximately 19km north of the Melbourne CBD.
Key Information
| Location: | North Melbourne, VIC |
| Acquisition Date: | July 2006 |
| Ownership/Title: | 100% Freehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $7.3m ($904/m²) |
| Capitalisation Rate: | 7.75% |
| Discount Rate: | 9.00% |
| Lettable Area: | 8,017m² |
| Site Area: | 2.3 hectare |
