Derrimut
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Derrimut Industrial Property Trust
557 Mt Derrimut Road, Derrimut, Victoria
Construction of the new G.A.M. Steel distribution facility was completed in November 2003.
The property is located approximately 25 kilometres west of Melbourne’s CBD in the suburb of Derrimut, at the western fringe of the Gilbertson Industrial Estate.
The property is close to the Western Ring Road and provides easy access to the Western Freeway and Princes Highway.
The Gilbertson and adjoining estates are developing industrial locations, supported by the expansion of Melbourne’s road and transport infrastructure. Investors in adjoining estates include Australand and Deutsche Industrial Trust. Multiplex Developments also own land in the precinct.
Key Property Information
| Type: | Industrial |
| Location: | 557 Mt Derrimut Road, Derrimut, Victoria |
| Title: | Freehold |
| Ownership: | Derrimut Industrial Property Trust |
| Acquisition Details: | $16,800,000 – purchased November 2003 |
| Valuation: | $24,000,000 (Charter Keck Cramer – July 2007) |
| Net Lettable Area: | 28,024 square metres |
| Land Area: | 6.461 hectares |
| Occupancy: | 100% |
| Tennant: | G.A.M. Steel Pty Ltd |
| Lease Expiry: | November 2015 |
| Options: | 6 + 6 years |
| Commencement Rent: | $1,457,248 |
| Purchase Yield: | 8.67% |
Rimcorp Property Limited (ACN 100 029 776) Australian Financial Services Licence (Licence No. 222280).