207-219 Browns Road, Noble Park, VIC

207-219 Browns Road, Noble Park, VIC

207-219 Browns Road, Noble Park is located on the south eastern side of Browns Road approximately 350 metres north east of the Princess Highway and 25 kilometres south of Melbourne CBD. The property adjoins an existing assets owned by the Trust at 500 Princess Highway. Improvements consist of a multi unit industrial estate (7 units). The warehouse facility fronting Browns Road and the rear office warehouse unit were constructed in 1996, the sawtooth warehouse component situated to the centre of the site was constructed circa 1967.

Asset summary
Current book value$40.1m
Capitalisation rate6.75%
Building area43,331 sqm
WALE6.7 years
Occupancy100%
Major tenantsExpiryArea
E&S Trading CompanyFY2829,436 sqm
Parton Wine DistributionFY259,290 sqm

Information accurate as at 31 December 2018 and provides a summary of key information in relation to the named property within the Centuria Industrial REIT portfolio. Information is in summary form only and investors should refer to the Fund’s published financial statements and other disclosures for further information and detail on the portfolio.