250 Forest Road South is an expansive distribution centre located in the industrial precinct of Lara between the ports of Melbourne and Geelong.

The property comprises four warehouse buildings, each approximately 29,000 square metres in size, with a railway spur along the southern boundary. There is also a single office building and a car park for up to 122 vehicles.

The property is well connected to the M1 Geelong Ring Road and Princes Freeway and is approximately 57 kilometres south-west of the Melbourne CBD and 10 kilometres north of Geelong. Avalon Airport is conveniently only 13 kilometres away.

- Four expansive distribution warehouses

- Dual port access at Melbourne and Geelong

- Rare railway spur

Property Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
24.6
Lettable area ('000sqm)
117.3
Lettable area adjusted for ownership ('000sqm)
88.0
Number of buildings
4
Car parking spaces
122
Year built
1985
Major tenant
AWH
Owner
DXS
Ownership (%)
75
Co-owner
DALT

Property Statistics

Metro area
Melbourne, South West
Zoning
Industrial 2
Site coverage (%)
48
Number of units
4
Average unit size
29.3
Office content (%)
1
Acquisition date
December 2002
Book value at ownership ($m)
44.3
Independent valuation date
December 2018
Independent valuation at ownership ($m)
44.3
Market cap rate (%)
8.25
Initial yield (%)
9.89
Leased by area (%)
100
Weighted lease term by income (years)
4.5