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Industrial VPT
80-100 Fulton Drive, Derrimut VIC, Australia
Description
Three single level office/warehouses ranging in size from 2,565sqm to 4,205sqm, providing a total GLA of 9,991sqm. The site area is 23,890sqm, reflecting a site coverage of 42%.
The buildings were constructed in 2003 with an extension to unit two completed in 2007.
Location
Located within an established and well regarded industrial location approximately 18 kilometres west of the Melbourne CBD.
Situated in close proximity to the Western Ring Road linking to the freeway network. Major occupiers within the locality include Fosters, Murray Goulburn, Bridgestone, Visy, Australia Post and ALDI.
Key Information
- Ownership VPT
- Acquisition 7/11/2007
- Purchase Price ($,000) 8,800
- Book Value ($,000) 7,500
- Valuation Cap Rate 7.50%
-
Net Lettable Area
Other: 9,991 sqm
- Occupancy as at 31/12/2007 100%
- No. Of Tenants 3
- WALE as at 31/12/2007 4.1 years
- Age of Building 2003 & 2007