20-50 and 76-82 Fillo Drive and 10 Stubb Street, Somerton
Key Property Information
The property comprises three separate industrial facilities with adjacent boundaries. 20-50 Fillo Drive comprises a 31,000m² distribution facility, with clearance of 8 metres and multiple loading points.
10 Stubb Street is located on the same title and comprises a recently completed distribution facility, consisting of a two level office attached to a medium bay warehouse with loading to three elevations.
76-82 Fillo Drive is a modern industrial building with extensive loading docks, functional canopy areas and future expansion potential.
Key Information
| Location: | North Melbourne, VIC |
| Acquisition Date: | September 2006/July 2006 |
| Ownership/Title: | 100% Freehold |
| Independent Valuation: | December 2007 |
| Valuation ($/m2): | $51.7 million ($725/m²) |
| Capitalisation Rate: | 7.75% |
| Discount Rate: | 8.75-9.00% |
| Lettable Area: | 71,326m² |
| Site Area: | 15.8 hectare |
