12-18 Distribution Drive, Laverton North
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