1 Foundation Road is a modern single level office with an attached high bay steel portal framed warehouse located in Laverton North, one of Melbourne's fastest growing industrial precincts.

Soft landscaping provides an appealing sense of arrival to the office reception, while the warehouse component features seven on-grade roller shutter doors and two large skillion framed canopy structures. The neatly paved concrete driveway and curtilage areas feature a staff and visitor car park accommodating approximately 72 vehicles.

The facility is located 18 kilometres west of the Melbourne CBD and provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass. The property is located on the eastern corner of Foundation and Boundary Roads within the Dexus Industrial Estate.

- Premier industrial precinct

- Access to Melbourne CBD and Ports

- 7 loading bays and large all-weather canopies

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
4.9
Lettable area ('000sqm)
20.3
Lettable area adjusted for ownership ('000sqm)
7.6
Number of buildings
1
Car parking spaces
72
Year built
2007
Major tenant
Visy
Owner
DXS
Ownership (%)
37.50
Co-owner
AIP, DALT

Property Statistics

Metro area
Melbourne, West
Zoning
Industrial 2
Site coverage (%)
41
Number of units
1
Average unit size
20.3
Office content (%)
14
Acquisition date
July 2002
Book value at ownership ($m)
9.4
Independent valuation date
December 2018
Independent valuation at ownership ($m)
9.5
Market cap rate (%)
6.00
Initial yield (%)
6.21
Leased by area (%)
100
Weighted lease term by income (years)
7.0