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40 Scanlon Drive, Epping

A modern warehouse facility of 9,400 sqm, offering high quality warehouse and office accommodation and is located 20 kilometres north of the Melbourne CBD. Access is available to the Craigieburn Bypass via Cooper Street interchange and is currently fully leased.

Location: Melbourne North, Vic
Date:Dec 2017
Valuation:$9.6 million
Valuation $/m2:$1,024/m²
Capitalisation rate:7.00%
Discount rate:7.50%
Lettable area:9,371 m²
Site area:2 ha
Weighted average lease expiry:2.0 years
Acquisition date:Sep 2007
Cost including additions:$9.0 million
Major TenantsGLA m2
Gruma Oceania5,306
Grace Australia4,065