2-10 Distribution Drive is a modern freestanding distribution centre providing two levels of office accommodation and a single level warehouse.

The facility is located in Laverton North, one of Melbourne’s fastest growing industrial precincts 18 kilometres west of the CBD. 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.

The warehouse features high internal clearance, a combination of recessed loading docks and on-grade access and large awnings providing all-weather protection. There is significant curtilage area with a staff and visitor parking leading to a contemporary office reception.

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

- Large awnings for all weather protection

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
3.7
Lettable area ('000sqm)
17.5
Lettable area adjusted for ownership ('000sqm)
6.6
Number of buildings
1
Year built
2012
Major tenant
Unipod
Owner
DXS
Ownership (%)
37.50
Co-owner
AIP, DALT

Property Statistics

Metro area
Melbourne, West
Zoning
Industrial 2
Site coverage (%)
47
Number of units
1
Average unit size
17.5
Office content (%)
3
Acquisition date
July 2002
Book value at ownership ($m)
7.9
Independent valuation date
December 2018
Independent valuation at ownership ($m)
7.9
Market cap rate (%)
5.75
Initial yield (%)
5.50
Leased by area (%)
100
Weighted lease term by income (years)
8.6