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 Details

Building type
Business Park
Title
Freehold
Site area (hectares)
19.6
Lettable area ('000sqm)
84.8
Number of buildings
29
Car parking spaces
1,240
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 rating
315 FerntreeN/A / 321 Ferntree N/A / 327 Ferntree NR / 307 Ferntree N/A / 100/45 Gilby N/A
Year built
1980
Major tenant
Monash University
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Melbourne, South East
Zoning
Business 3 Zone
Site coverage (%)
44
Number of units
119
Average unit size
0.7
Office content (%)
25
Acquisition date
October 1996
Book value at ownership ($m)
246.2
Independent valuation date
December 2018
Independent valuation at ownership ($m)
246.2
Market cap rate (%)
6.68
Initial yield (%)
5.38
Leased by area (%)
91
Weighted lease term by income (years)
2.4