1-5 Felstead Drive is a high quality build to lease facility which is located within Dexus Industrial Estate in Laverton North, 18 kilometres west of the CBD.

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.

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.

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
3.6
Lettable area ('000sqm)
21.8
Lettable area adjusted for ownership ('000sqm)
16.4
Number of buildings
1
Car parking spaces
190
Year built
2018
Major tenant
Winit (AU)Trade
Owner
DXS
Ownership (%)
75
Co-owner
DALT

Property Statistics

Metro area
Melbourne, West
Zoning
Industrial 2
Site coverage (%)
56
Number of units
1
Average unit size
21.8
Office content (%)
2
Acquisition date
November 2018
Book value at ownership ($m)
19.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
19.0
Market cap rate (%)
5.75
Initial yield (%)
6.47
Leased by area (%)
100
Weighted lease term by income (years)
9.5