## 40 Annandale Road 

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#  40 Annandale Road

Melbourne Airport, VIC

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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

Constructed in 2002 and progressively extended up to 2009, the property comprises two freestanding warehouses with high-clearance and multiple loading bays, each with adjoining offices. The site has dual access to the front and rear. During 2021, Australia Post (the tenant) completed an upgrade including construction of a two-level office and amenities building.

This asset is wholly owned by Growthpoint Properties Australia.

Asset summary

as at 30 June 2026

Sector

Industrial

Title

Leasehold

Site area

75,325 sqm

Lettable area

44,424 sqm

Occupancy

100 %

WALE (by income)

5.0 years

Major tenant

Australia Post

Valuation summary

Book value

 $ 34.8 m

Cap rate

9.23 %

Discount rate

7.25 %

Contact us

![Andrew Fitt photo](https://growthpoint.com.au/sites/default/files/styles/goz_our_team/public/2026-07/Andrew-Fitt-web.jpg?h=3da94e8f&itok=walpbBRD)

Andrew Fitt

Portfolio Manager - Industrial

      +61 427 040 489

[         Contact via Email ](mailto:afitt@growthpoint.com.au)

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

Constructed in 2002 and progressively extended up to 2009, the property comprises two freestanding warehouses with high-clearance and multiple loading bays, each with adjoining offices. The site has dual access to the front and rear. During 2021, Australia Post (the tenant) completed an upgrade including construction of a two-level office and amenities building.

## -37.7012893, 144.85426

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