Toll Business Park, 11-25 Toll Drive, Altona
Key Property Information
Toll Business Park comprises three modern warehouses/ distribution facilities. 11-25 Toll Drive has a fitout consisting of state of the art automated picking technology and is leased to Toll (IPEC) until 2015. 32-54 Toll Drive is a warehouse/distribution facility that is capable of expansion up to 10,000m².
56-60 Toll Drive features a temperature controlled warehouse in addition there are five recessed loading docks and another nine loading bays. An additional freestanding single level office is also provided on the site.
Key Information
| Location: | West Melbourne, VIC |
| Acquisition Date: | September 2006 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $58.1 million ($1,113/m²) |
| Capitalisation Rate: | 7.25% |
| Discount Rate: | 8.75% |
| Lettable Area: | 52,206m² |
| Site Area: | 13.4 hectare |
