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Altona Distribution Centre

This distribution centre comprises of three modern warehouse and distribution facilities located with good access to the port and Western Ring Road. 11-25 Toll Drive is leased to Seaway Logistics until 2026. 32-54 Toll Drive and 56-60 Toll Drive are also fully leased.

Location: West Melbourne, Vic
Date:Dec 2015, Jun 2017 and Jun 2018*
Valuation:$55.3 million
Valuation $/m2:$1,054/m²
Capitalisation rate:6.25-6.75%
Discount rate:7.25-7.50%
Lettable area:52,448 m²
Site area:13 ha
Weighted average lease expiry:3.5 years
Acquisition date:Sep 2006
Cost including additions:$68.6 million
Major TenantsGLA m2
Toll Holdings Limited18,727
Deliver Group Pty Ltd17,577
Seaway Logistics16,144
  • * 11-25 Toll Drive was valued in Jun 2017, 32-54 Toll Drive was valued in Dec 2015, 56-60 Toll Drive was valued in Jun 2018.