This is a rare offering in a premium location at a price well below replacement cost.  The property comprises a modern office-warehouse facility positioned in the well-established industrial suburb of Derrimut, approximately sixteen kilometres west of Melbourne’s CBD.  The land cannot be replaced within this tightly held estate, whilst the improvements will offer significant appeal to major transport or food-related occupiers with a requirement for freezer and chilled area.

Our analysis shows that this property is priced at a discount of 30% of replacement cost, which is significant given the building is less than ten (10) years old.  For investors this will result in healthy returns in excess of 8.5%, with tenant demand for a property of this nature being bullet-proof in this location.  In our opinion, this represents the finest value offered in Melbourne’s west in 2015.

Located within the highly regarded Gilbertson Industrial Estate in Derrimut, the subject property location is considered a blue-chip western industrial precinct, featuring many prominent corporate occupiers including Aldi and Asahi.  Freeway access is readily available via the Boundary Road interchange with the Western Ring Road.

• Total land area of:  20,560 m2 (approx.)

• Total building area of:  8,111 m2 (approx.)

Agent:

Nathan Bingham
0477 577 077