1 West Park Drive, Derrimut, VIC 3030

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Industrial/Warehouse
Property No. 8284
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Fully leased investment, prime corner site

+ Modern, high clearance industrial & logistics facility
+ Approximate 8.4 metre springing height to warehouse with 3 on-grade roller doors
+ Fully leased to national company Downer Utilities Australia
+ Net passing income of $700,400 p.a. ($69.50/m2) with future rental upside
+ WALE of 4.8 years (as at 1 June 2018)
+ Strong annual rental growth of 3.0%
+ GLA of 10,078 sqm*
+ Site area of 21,500 sqm*
+ Significant concrete, B-double compliant hardstand area adjacent the warehouse
+ On-site parking for 160* vehicles
+ Located approximately 20 kms* west of the Melbourne CBD with Australia’s logistics heartland
+ High exposure corner site at the entrance to “West Park Industrial Estate”, which is home to a wide range of significant national occupiers
+ Excellent connectivity to surrounding road networks and the Port of Melbourne
+ Significant infrastructure projects including the Westgate Tunnel Project to further enhance this precinct
+ “Industrial 2” Zone under the Brimbank Council Planning Scheme

*approximate

For sale by Public Tender (separately or in one line) campaign closing Thursday 12 July 2018 at 4.00pm (AEST)
+ Modern, high clearance industrial & logistics facility
+ Approximate 8.4 metre springing height to warehouse with 3 on-grade roller doors
+ Fully leased to national company Downer Utilities Australia
+ Net passing income of $700,400 p.a. ($69.50/m2) with future rental upside
+ WALE of 4.8 years (as at 1 June 2018)
+ Strong annual rental growth of 3.0%
+ GLA of 10,078 sqm*
+ Site area of 21,500 sqm*
+ Significant concrete, B-double compliant hardstand area adjacent the warehouse
+ On-site parking for 160* ...
Last updated

30 Oct 2018

Building

Whole


Floor area

10,078 sqm

JLL

1 West Park Drive, Derrimut, VIC 3030

Sold
Contact Agent
Industrial/Warehouse
Property No. 8284

Property details

Fully leased investment, prime corner site

+ Modern, high clearance industrial & logistics facility
+ Approximate 8.4 metre springing height to warehouse with 3 on-grade roller doors
+ Fully leased to national company Downer Utilities Australia
+ Net passing income of $700,400 p.a. ($69.50/m2) with future rental upside
+ WALE of 4.8 years (as at 1 June 2018)
+ Strong annual rental growth of 3.0%
+ GLA of 10,078 sqm*
+ Site area of 21,500 sqm*
+ Significant concrete, B-double compliant hardstand area adjacent the warehouse
+ On-site parking for 160* vehicles
+ Located approximately 20 kms* west of the Melbourne CBD with Australia’s logistics heartland
+ High exposure corner site at the entrance to “West Park Industrial Estate”, which is home to a wide range of significant national occupiers
+ Excellent connectivity to surrounding road networks and the Port of Melbourne
+ Significant infrastructure projects including the Westgate Tunnel Project to further enhance this precinct
+ “Industrial 2” Zone under the Brimbank Council Planning Scheme

*approximate

For sale by Public Tender (separately or in one line) campaign closing Thursday 12 July 2018 at 4.00pm (AEST)


Last updated

30 Oct 2018

Building

Whole

Floor area

10,078 sqm


Brokers

Adrian Rowse
+61 414 836 817
JLL - Melbourne
Level 40101 Collins Street
Melbourne VIC 3000
Tony Iuliano
+61 412 992 830
JLL - Melbourne
Level 40101 Collins Street
Melbourne VIC 3000
 

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