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Altona Distribution Centre, Altona

The Altona Distribution Centre comprises nine separate buildings located in the western industrial precinct of Melbourne adjacent to the Western Ring Road. The estate is currently 100% leased with low site coverage and offers future redevelopment potential.

Location: West Melbourne, Vic
Acquisition date: Jul 2000
Ownership/Title: 100%/Freehold
Cost including additions: $29.4 million
Last Independent Valuation
Date: Dec 2015
Valuation: $30.3 million
Valuation $/m2: $883/m2
Capitalisation rate: 8.25%
Discount rate: 8.50%
Lettable area: 34,259 m2
Site area: 15 ha
Hardstand: 65,500 m2
Weighted average lease expiry: 1.3 years
Major Tenants GLA m2
Autonexus Pty Ltd 6,165
Petrogas 4,877
Knauf Plasterboard Pty Ltd 3,189
Ceva 13,968