Leasing and Tenants > Industrial > VIC > Toll Business Park, Toll Drive, Altona
Key Property Information
Toll Business Park comprises three modern warehouses/ distribution facilities. 11-25 Toll Drive consists 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 to five recessed sunken docks and another nine loading bays. An additional freestanding single level office is also provided on the site.
| Location: | West Melbourne, VIC |
|---|---|
| Acquisition Date: | September 2006 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | December 2009 |
| Valuation ($/m2): | $45.6 million ($867/m² - excludes hardstand) |
| Capitalisation Rate: | 9.00% - 9.25% |
| Discount Rate: | 9.75% - 10.00% |
| Lettable Area: | 52,603m² |
| Site Area: | 13.35 hectare |
| Hard Stand: | 7,000m² |
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