12-18 Distribution Drive is a 43,000 square metre distribution centre providing chilled warehouse facilities and two-levels of corporate office space. The purpose-built centre features recessed loading docks with large awnings for all weather protection, plus a café with a partly shared outdoor seating area and significant car parking for staff and visitors.

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.

- Melbourne’s fastest growing industrial precinct

- Access to Melbourne CBD and ports

- Chilled warehouse facilities

Property Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
16.6
Lettable area ('000sqm)
43.0
Lettable area adjusted for ownership ('000sqm)
16.1
Number of buildings
1
Year built
2007
Major tenant
Coles
Owner
DXS
Ownership (%)
37.50
Co-owner
AIP, DALT

Property Statistics

Metro area
Melbourne, West
Zoning
Industrial 2
Site coverage (%)
26
Number of units
1
Average unit size
43.0
Office content (%)
46
Acquisition date
July 2002
Book value at ownership ($m)
44.3
Independent valuation date
December 2018
Independent valuation at ownership ($m)
44.3
Market cap rate (%)
7.25
Initial yield (%)
8.81
Leased by area (%)
100
Weighted lease term by income (years)
3.3