34 Australis Drive, Derrimut

The property is located within the West Park Industrial Estate in Derrimut, a developing industrial precinct approximately 16 kilometres west of the Melbourne Central Business District. 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 and totals approximately 25,243 sqm of GLA. On-site car parking is provided via approximately 133 car spaces. The site is leased to Mitre 10.

Summary1
Ownership interest 100%
Title Effective freehold
Book Value $29,250,000
Independent valuation metrics
Valuer CBRE
Valuation date 30 June 2018
Capitalisation rate 6.50%
Property statistics1
NLA (sqm) 25,243
Site area (sqm) 48,230
Occupancy (by area) 100%
WALE (years, by area) 4.4
Completion date December 2007
Age (years) 11
  1. As at 30 June 2018.