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The property is located within Melbourne Airport Business Park, an industrial precinct, approximately 16 kilometres north of the Melbourne CBD. The location is sought after due to its close proximity to the airport and surrounding key roadways. It has easy access to the Western Ring Road, Tullamarine Freeway and Calder Highway.


The property was built in 2002 and comprises a multi-level office/showroom and warehouse facilities with paved hardstand and circular driveway. Extensive on site parking is provided.

Asset summary
as at 31 December 2019
Site area
47,446 sqm
Lettable area
28,100 sqm
100 %
WALE (by income)
2.5 years
Major tenant
Laminex Group
Valuation summary
Book value
$ 24.8 m
Valuation date
Cap rate
8.00 %
Discount rate
6.50 %