Dexus Industrial Estate

27 Distribution Drive, Laverton North

Overview

27 Distribution Drive is a premium quality, freestanding office and warehouse facility in Laverton North, Melbourne’s fastest growing industrial precinct.

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.

Built on a single level, the building features striking architecture with hard and soft landscaping for a welcoming arrival at the reception area.

The warehouse component features high internal clearance and provides five recessed loading docks and multiple on grade access points. the building has a large awning allowing all weather protection.

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.

- Melbourne’s fastest growing industrial precinct

- Access to Melbourne CBD and ports

- High internal clearance and 10 loading docks

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)2.5
  • Lettable area ('000sqm)13.8
  • Lettable area adjusted for ownership ('000sqm)5.2
  • Number of buildings1
  • Year built2012
  • Major tenantToll
  • OwnerDXS
  • Ownership (%)37.50
  • Co-ownerAIP, DALT
  • Metro areaMelbourne, West
  • ZoningIndustrial 2
  • Site coverage (%)54
  • Number of units1
  • Average unit size13.8
  • Office content6
  • Acquisition dateJuly 2002
  • Book value at ownership ($m)6.2
  • Independent valuation dateDecember 2018
  • Independent valuation at ownership ($m)6.2
  • Market cap rate (%)6.50
  • Initial yield (%)7.01
  • Leased by area (%)100
  • Weighted lease term by income (years)1.1