11-17 Distribution Drive is a stand-alone distribution centre comprising a single level office and attached warehouse in Melbourne’s fastest growing industrial precinct, Laverton North.

The 45,500 square metre facility has a high bay steel portal framed warehouse with significant curtilage areas and car parking for staff and visitors. The northern side of the building features multiple on grade access and recessed loading docks. The buildling provides a substantial canopy serviced by 20 on grade acess points.

Laverton 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, the centre provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass. The property is located on the southern side of Distribution Drive with a second street frontage to Foundation Drive in the Dexus Industrial Estate.

- Melbourne’s fastest growing industrial precinct

- Access to Melbourne CBD and ports

- Large awnings for all weather protection

Property Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
9.6
Lettable area ('000sqm)
45.5
Lettable area adjusted for ownership ('000sqm)
17.1
Number of buildings
1
Year built
2007
Major tenant
Fosters Australia
Owner
DXS
Ownership (%)
37.50
Co-owner
AIP, DALT

Property Statistics

Metro area
Melbourne, West
Zoning
Industrial 2
Site coverage (%)
48
Number of units
1
Average unit size
45.5
Office content (%)
8
Acquisition date
July 2002
Book value at ownership ($m)
19.6
Independent valuation date
December 2018
Independent valuation at ownership ($m)
19.6
Market cap rate (%)
6.00
Initial yield (%)
5.91
Leased by area (%)
100
Weighted lease term by income (years)
5.0