1-3 Distribution Drive is a modern industrial estate comprising a two-level office and attached warehouse located in Laverton North, one of Melbourne's fastest growing industrial precincts. Laverton is located North 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 is serviced by a network of primary and secondary state arterial roads.

The building features contemporary architecture with clean lines and full height windows in the office that maximises natural light and the warehouse is accessed via five on grade roller shutter doors.

The estate is located in 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 southern side of Distribution Drive within the Dexus Industrial Estate.

- Access to Melbourne CBD and Ports

- Melbourne’s fastest growing industrial precinct

- Significant corporate office space

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
3.0
Lettable area ('000sqm)
13.0
Lettable area adjusted for ownership ('000sqm)
4.9
Number of buildings
1
Year built
2007
Major tenant
Bestbar (Vic)
Owner
DXS
Ownership (%)
37.50
Co-owner
AIP, DALT

Property Statistics

Metro area
Melbourne, West
Zoning
Industrial 2
Site coverage (%)
43
Number of units
1
Average unit size
13.0
Office content (%)
25
Acquisition date
July 2002
Book value at ownership ($m)
6.3
Independent valuation date
December 2018
Independent valuation at ownership ($m)
6.3
Market cap rate (%)
5.93
Initial yield (%)
5.97
Leased by area (%)
100
Weighted lease term by income (years)
8.6