24-32 Stanley Drive, Somerton, VIC

24-32 Stanley Drive, Somerton, VIC

24-32 Stanley Drive, Somerton is a more recently established industrial area approximately 18km north of the Melbourne CBD. The property comprises a modern warehouse distribution facility with three substantial high clearance warehouses and associated office accommodation.

Asset summary
Current book value$28.5m
Capitalisation rate6.50%
Building area24,350 sqm
WALE4.7 years
Occupancy100%
Major tenantsExpiryArea
Regent RVFY2414,251 sqm
EnersysFY2410,099 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.