17 and 40 Scanlon Drive, Epping
Key Property Information
17 and 40 Scanlon Drive comprise two new industrial warehouses of 9,371m² and 13,000m² which are nearing completion and were aquired with a leaseback to the developer for a six month term.
Both buildings offer high quality warehouse and office accommodation and are located in Northpoint Enterprise Park approximately 20km north of the Melbourne CBD.
Access is available to the Craigeburn Bypass via Cooper Street interchange and both properties are in close proximity to the Hume Highway and Western Ring Road.
Key Information
| Location: | Epping, VIC |
| Acquisition Date: | June 2007/September 2007 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $18.2 million ($836/m²) |
| Capitalisation Rate: | 7.75% |
| Discount Rate: | 8.75% |
| Lettable Area: | 22,361m² |
| Site Area: | 4.2 hectare |
