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