114 Fairbank Road, Clayton

Overview

114 Fairbank Avenue is a distribution centre located in Clayton, an established and well-regarded industrial precinct approximately 20 kilometres south-east of the Melbourne CBD.

Parallel to Fairbank Avenue is the retail precinct of Rosebank Avenue which is home to a number of convenience stores and food outlets, as well as Westall Secondary College. Spring Valley Golf Club and the green spaces of Keeley and Heatherton Parks are also nearby.

The area provides a strong and active workforce with Westall Railway Station two kilometres away.

- Close to Melbourne CBD

- Good access to the M1

- Strong and active workforce

Property Information

  • Building typeDistribution Centre
  • TitleFreehold
  • Site area (hectares)3.6
  • Lettable area ('000sqm)18.6
  • Lettable area adjusted for ownership ('000sqm)14.0
  • Number of buildings1
  • Car parking spaces12
  • Year built1986
  • Major tenantAnnex Holdings
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaMelbourne, South East
  • ZoningIndustrial 1
  • Site coverage (%)52
  • Number of units1
  • Average unit size18.6
  • Office content3
  • Acquisition dateJuly 1997
  • Book value at ownership ($m)15.6
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)15.6
  • Market cap rate (%)6.75
  • Initial yield (%)6.75
  • Leased by area (%)100
  • Weighted lease term by income (years)5.3