34 Australis Drive, Derrimut

Overview

The property is located within the West Park Industrial Estate in Derrimut, a prime industrial precinct approximately 16 kilometres west of the Melbourne CBD. The property comprises a sprinklered distribution facility with a single level office attached to a large, high bay warehouse facility that was constructed in 2007. There is additional expansion land, totalling approximately 7,000 sqm, that provides for greater flexibility and value-add opportunities. On-site car parking is provided via approximately 133 car spaces.

Asset Information

  • Asset typeIndustrial
  • Year built2007
  • TitleLeasehold
  • Site area (hectares)4.8
  • Lettable area ('000sqm)25.2
  • Lettable area adjusted for ownership ('000sqm)25.2
  • Car parking spaces133
  • OwnerDXI
  • Ownership (%)100
  • Major tenantQube Logistics Victoria Pty Ltd
  • Acquisition dateDecember 2013
  • Book value at ownership ($m)47.5
  • Independent valuation dateJune 2024
  • Independent valuation at ownership ($m)47.5
  • Market cap rate (%)6.00
  • Leased by area (%)100
  • Weighted lease term by income (years)3.3
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