114 Fairbank Avenue is a distribution centre located in Clayton, an established and well-regarded industrial precinct approximately 20 kilometres south-east of the Melbourne CBD.

Parallel to Fairbank Avenue is the retail precinct of Rosebank Avenue which is home to a number of convenience stores and food outlets, as well as Westall Secondary College. Spring Valley Golf Club and the green spaces of Keeley and Heatherton Parks are also nearby.

The area provides a strong and active workforce with Westall Railway Station two kilometres away.

- Close to Melbourne CBD

- Good access to the M1

- Strong and active workforce

Property Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
3.6
Lettable area ('000sqm)
18.6
Lettable area adjusted for ownership ('000sqm)
14.0
Number of buildings
1
Car parking spaces
12
Year built
1986
Major tenant
Annex Holdings
Owner
DXS
Ownership (%)
75
Co-owner
DALT

Property Statistics

Metro area
Melbourne, South East
Zoning
Industrial 1
Site coverage (%)
52
Number of units
1
Average unit size
18.6
Office content (%)
3
Acquisition date
July 1997
Book value at ownership ($m)
13.1
Independent valuation date
December 2018
Independent valuation at ownership ($m)
13.1
Market cap rate (%)
7.50
Initial yield (%)
7.99
Leased by area (%)
100
Weighted lease term by income (years)
5.8