Axxess Corporate Park

Cnr Ferntree Gully & Gilby Roads, Mount Waverley

Overview

Axxess provides a combination of freestanding office buildings and traditional industrial office/warehouse units fronting onto Forster and Gilby Roads. The estate provides smaller units up to 1,000 square metres plus modern office/warehouses up to 6,000 square metres.

Property Information

  • Building typeBusiness Park
  • TitleFreehold
  • Site area (hectares)19.6
  • Lettable area ('000sqm)83.7
  • Lettable area adjusted for ownership ('000sqm)83.7
  • Number of buildings29
  • Car parking spaces1240
  • Year built1980
  • Major tenantMonash University
  • OwnerDXS
  • Ownership (%)100
  • Metro areaMelbourne, South East
  • ZoningBusiness 3 Zone
  • Site coverage (%)44
  • Number of units119
  • Average unit size0.7
  • Office content25
  • Acquisition dateOctober 1996
  • Book value at ownership ($m)247.8
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)247.8
  • Market cap rate (%)6.35
  • Initial yield (%)5.79
  • Leased by area (%)91
  • Weighted lease term by income (years)2.2

  • NABERS Energy rating (with Green Power)315 Ferntree N/A / 321 Ferntree Exempt / 327 Ferntree 4.0 / 307 Ferntree N/A / 100/45 Gilby N/A
  • NABERS Energy rating (without Green Power)315 Ferntree N/A / 321 Ferntree Exempt / 327 Ferntree 4.0 / 307 Ferntree N/A / 100/45 Gilby N/A
  • NABERS Water rating315 FerntreeN/A / 321 Ferntree N/A / 327 Ferntree NR / 307 Ferntree N/A / 100/45 Gilby N/A