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Location

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.

Description

The property was built in 2002 and comprises a multi-level office/showroom and warehouse facilities with paved hardstand and drive-around access. Extensive onsite parking is provided.

This asset is wholly owned by Growthpoint Properties Australia.

Asset summary
as at 31 December 2025
Title
Leasehold
Site area
47,446 sqm
Lettable area
28,738 sqm
Occupancy
100 %
WALE (by income)
4.5 years
Major tenant
Laminex Group
Valuation summary
Book value
$ 24.9 m
Cap rate
9.04 %
Discount rate
7.25 %
Contact us
Andrew Fitt photo
Andrew Fitt
Portfolio Manager - Industrial
+61 427 040 489
Location

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.

Description

The property was built in 2002 and comprises a multi-level office/showroom and warehouse facilities with paved hardstand and drive-around access. Extensive onsite parking is provided.