28 Distribution Drive, Laverton North
28 Distribution Drive is a premium quality freestanding industrial estate with warehouse and office space located in Laverton North, 18 kilometres west of the Melbourne 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.
Located within the Dexus Industrial Estate in Laverton North, Melbourne’s fastest growing industrial precinct, the building features contemporary architecture setting a new benchmark in industrial warehouse design.
The warehouse component features 10-metre high internal clearance with ESFR sprinklers and provides four recessed loading docks and multiple on grade access points; the offices are incorporated into a mezzanine level featuring floor to ceiling windows that maximise natural light.
The estate 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
- High internal clearance and 10 loading docks
Property Details
- Building type
- Industrial Estate
- Title
- Freehold
- Site area (hectares)
- 2.4
- Lettable area ('000sqm)
- 11.9
- Lettable area adjusted for ownership ('000sqm)
- 4.5
- Number of buildings
- 1
- Year built
- 2013
- Major tenant
- Linpac Packaging Australia
- Owner
- DXS
- Ownership (%)
- 37.50
- Co-owner
- AIP, DALT
Property Statistics
- Metro area
- Melbourne, West
- Zoning
- Industrial 2
- Site coverage (%)
- 50
- Number of units
- 1
- Average unit size
- 11.9
- Office content (%)
- 4
- Acquisition date
- July 2002
- Book value at ownership ($m)
- 5.1
- Independent valuation date
- December 2018
- Independent valuation at ownership ($m)
- 5.1
- Market cap rate (%)
- 6.25
- Initial yield (%)
- 7.21
- Leased by area (%)
- 100
- Weighted lease term by income (years)
- 1.8