View results on a Map View results on a list
The contents of this map are for illustrative purposes only and are subject to change without prior notice.

Toll Business Park, Altona

Toll Business Park comprises three modern warehouse and distribution facilities. 11-25 Toll Drive has recently been leased to Seaway Logistics for 10 years and is undergoing a major refurbishment. 32-54 Toll Drive and 56-60 Toll Drive are both fully leased.

Location: West Melbourne, Vic
Acquisition date: Sep 2006
Ownership/Title: 100%/Freehold
Cost including additions: $67.2 million
Last Independent Valuation
Date: Dec 2015 and Jun 2016*
Valuation: $49.6 million
Valuation $/m2: $946/m2
Capitalisation rate: 6.75-7.25%
Discount rate: 8.25%
Lettable area: 52,448 m2
Site area: 13 ha
Weighted average lease expiry: 4.4 years
Major Tenants GLA m2
Toll Holdings Limited 18,727 17,577
Seaway Logistics 16,144
  • * 11-25 Toll Drive was valued in June 2016