Well located 18 kilometres West of the Melbourne CBD and accessed via the Westgate Freeway, 63-69 Pipe Road, Laverton North is a land rich asset covering approximately 50,000 square meters of site area, with nine fully racked warehouses improved on the land that range in lettable area from 2,500 square meters to 3,500 square meters, with a combined total lettable area exceeding 25,000 square meters.
The property is 100% leased to six tenants including but not limited to Coghlan Technologies, an e-commerce company that provide fulfilment services for Amazon and the well-known 2XU athletic apparel brand.
Benefitting from B-double access and traffic flow, container height RSDs to all warehouses that are ‘clear span’ facilities and with rents in-line with market, this facility will continue to have strong tenant demand moving forward, with the under-construction Westgate Freeway Project to further improve its appeal.
Engaged by our valued client in Q1 2020 to provide property and facilities management services, we’re pleased to have resecured 50% of the property income for at least the next 5 years, through the negotiation of three new leases to sitting tenants in early 2021.
We look forward to continuing to execute a high level of management of this investment grade, industrial and logistics asset for many years to come.