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Toll Business Park,
Toll Drive Altona, VIC
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
Cost including additions: $62.1 million
Independent valuation: June 2009
Valuation/($/m2): $47.1 million ($895/m2)
Capitalisation rate: 8.75% - 9.00%
Discount rate: 9.50%
Lettable area: 52,603m2
Site area: 13.3 hectare
Hardstand: 7,000m2
Major Tenants GLA (m2)
Toll 52,603
Lease expiry profile
* Excludes hardstand.
Vacant 0%
FY10 0%
FY11 0%
FY12 35%
FY13 0%
FY14+ 65%
20-50 and 76-82 Fillo Drive and
10 Stubb Street, Somerton, VIC
The property comprises three warehouse facilities with adjacent
boundaries. 20-50 Fillo Drive comprises a 31,000m2 distribution
facility, with clearance of 8 metres and multiple loading points.
10 Stubb Street is located on the same title and comprises a
distribution facility, consisting of a two level office attached to
a medium bay warehouse with loading to three elevations.
76-82 Fillo Drive is a modern industrial building with extensive
loading docks, functional awning areas and future expansion
potential.
Location: N orth Melbourne, VIC
Acquisition date: September 2006 / July 2006
Ownership/title: 100%/Freehold
Cost including additions: $41.5 million
Independent valuation: June 2009
Valuation/($/m2): $41.5 million ($582/m2)
Capitalisation rate: 9.00% - 9.25%
Discount rate: 9.50%
Lettable area: 71,326m2
Site area: 15.8 hectare
Major Tenants GLA (m2)
Toll 31,185
Good Year Tyres 21,319
Yakka Pty Ltd 18,822
Lease expiry profile
Vacant 0%
FY10 30%
FY11 0%
FY12 0%
FY13 0%
FY14+ 70%
1090-1124 Centre Road,
Oakleigh, VIC
The property is situated in Melbourne's south-eastern suburbs,
approximately 17km from Melbourne's Central Business District.
The 8.1 hectare site is situated on a prominent main road
location and currently comprises three modern warehouses,
two warehouse buildings and a single office building.
Location: South Melbourne, VIC
Acquisition date: February 2007
Ownership/title: 100%/Freehold
Cost including additions: $49.4 million
Independent valuation: June 2009
Valuation/($/m2): $35.0 million ($746/m2)
Capitalisation rate: 8.50%
Discount rate: 9.50%
Lettable area: 46,930m2
Site area: 8.1 hectare
Major Tenants GLA (m2)
Fantastic Furniture 10,046
Avery Denison 7,470
SIMS Metal 6,840
Lease expiry profile
Vacant 24%
FY10 30%
FY11 0%
FY12 0%
FY13 30%
FY14+ 16%
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