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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 2003, this modern distribution centre comprises a single-level office and warehouse facility. It has housed the regional distribution centre for Jaguar Land Rover parts since construction and features recessed and on-grade loading docks, dangerous goods stores and extensive mezzanines.

This asset is wholly owned by Growthpoint Properties Australia.

Asset summary
as at 31 December 2025
Title
Leasehold
Site area
16,930 sqm
Lettable area
10,310 sqm
Occupancy
100 %
WALE (by income)
4.8 years
Major tenant
Jaguar Land Rover
Valuation summary
Book value
$ 9.4 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

Constructed in 2003, this modern distribution centre comprises a single-level office and warehouse facility. It has housed the regional distribution centre for Jaguar Land Rover parts since construction and features recessed and on-grade loading docks, dangerous goods stores and extensive mezzanines.