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Oakleigh Industrial Estate, Oakleigh South

Well located in Melbourne’s south-eastern suburbs, this 8 hectare industrial estate is 17 kilometres from the Melbourne CBD. Two new buildings have recently been completed and are now occupied by Australia Post and Matt Blatt. The remainder of the estate is fully leased.

Location: South Melbourne, Vic
Date:Dec 2017
Valuation:$61.5 million
Valuation $/m2:$1,352/m²
Capitalisation rate:6.25%
Discount rate:7.25%
Lettable area:45,490 m²
Site area:8 ha
Weighted average lease expiry:4.8 years
Acquisition date:Feb 2007
Cost including additions:$68.5 million
Major TenantsGLA m2
Badam Holdings (Matt Blatt)9,202
Australian Postal Corporation8,703
Avery Dennison4,668
Specialty Packaging Group Pty Ltd22,204