169 Australis Drive

Derrimut, VIC

The site is located in one of Melbourne’s fastest growing and well regarded industrial suburbs 16km west of the Melbourne CBD. The site has good access major transport highways and ring roads and is surrounded by a number of other high quality industrial estates.

The warehouse was completed in August 2013 and consists of a front single storey office which is attached to a high bay warehouse that has loading access to its eastern and western boundaries. It is leased to three tenants with staggered lease profiles. The configuration can be split into four tenancies or consolidated into 1 or 2 tenancies. This provides expansion opportunities for existing tenants should vacancies arise.

Ownership interest 100%
Cap rate 7.75%
Valuation date December 2015
Acquisition date October 2013
Site area 56,330m2
Gross lettable area 30,994m2
Occupancy 100%
WALE by income 1.2 Years
Rent review stucture Fixed
Major tenants by income Susskind & Danziger Pty Ltd, Hitachi Transport Systems and United Wholesalers
Parking spaces 220
Valuation range $10-30 million