500 Princes Highway, Noble Park, VIC

500 Princes Highway,  Noble Park is located on the north side of Princes Highway approximately 30 kilometres south east of the Melbourne CBD. The property comprises three buildings including a three storey office building of approximately 4,300sqm, a warehouse of 8,507sqm with up to 9 metre internal clearance serviced for dangerous goods and a two storey laboratory building. The site provides ample on site parking.

Asset summary
Current book value $20.5m
Capitalisation rate 7.25%
Building area 13,852 sqm
WALE 3.1 years
Occupancy 100%
Major tenants Expiry Area
Mainfreight Distribution FY20 8,507 sqm
Fulton Hogan FY25 2,642 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.