34 Australis Drive, Derrimut
Overview
The property is located within the West Park Industrial Estate in Derrimut, a prime industrial precinct approximately 16 kilometres west of the Melbourne CBD. The property comprises a sprinklered distribution facility with a single level office attached to a large, high bay warehouse facility that was constructed in 2007. There is additional expansion land, totalling approximately 7,000 sqm, that provides for greater flexibility and value-add opportunities. On-site car parking is provided via approximately 133 car spaces.
Asset Information
- Asset typeIndustrial
- Year built2007
- TitleLeasehold
- Asset locationMelbourne, West
- ZoningIndustrial 1 Brimbank Planning Scheme
- Site area (hectares)4.8
- Site coverage (%)52
- Lettable area ('000sqm)25.2
- Lettable area adjusted for ownership ('000sqm)25.2
- Number of buildings1
- Car parking spaces133
- OwnerDXI
- Ownership (%)100
- Major tenantQube Logistics Victoria Pty Ltd
- Book value at ownership ($m)48.4
- Independent valuation dateJune 2023
- Independent valuation at ownership ($m)48.4
- Market cap rate (%)4.88
- Leased by area (%)100
- Weighted lease term by income (years)4.3