Dexus Industrial Estate

50 Foundation Road, Laverton North

Overview

50 Foundation Road is a high quality purpose-built office and warehouse facility within Melbourne's largest industrial precinct Truganina, 18 kilometres west of the CBD.

Laverton North is located in the south-west of Melbourne an area of rapid development with extensive land-banks, the area has excellent over-land access and is connected to the Werribee railway line at Laverton station and Aircraft station. Laverton North is serviced by a network of primary and secondary state arterial roads.

Located 18 kilometres west of the Melbourne CBD in the city’s newest industrial precinct, Laverton North, the centre provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass.

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)5.7
  • Lettable area ('000sqm)25.7
  • Lettable area adjusted for ownership ('000sqm)19.2
  • Number of buildings1
  • Car parking spaces110
  • Year built2016
  • Major tenantKathmandu
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDALT
  • Metro areaMelbourne, West
  • ZoningIndustrial 2
  • Site coverage (%)45
  • Number of units1
  • Average unit size25.7
  • Office content3
  • Acquisition dateNovember 2018
  • Book value at ownership ($m)26.1
  • Independent valuation dateDecember 2018
  • Independent valuation at ownership ($m)26.1
  • Market cap rate (%)5.75
  • Initial yield (%)6.05
  • Leased by area (%)100
  • Weighted lease term by income (years)7.6

  • Green Star rating5.0 Star (Industrial As Built v1)