CALCULATE YOUR PROPERTIES CURRENT LEASE OR SALE VALUE FOR THE WESTERN SUBURBS
Industrial property values both sale and lease vary throughout the different areas of Melbourne and continue to change based mainly on economic performance and general business confidence. We find occupiers of Industrial property forever intrigued as to their current property value be it sale or lease. In response, we provide a value range for vacant land and/or land + buildings throughout the main industrial areas in Melbourne for a quick reference guide to the value of your property. For the past 20 years, the west has always been considered as having a large supply of zoned industrial land. In the past 12 months, developers have recognised supply is quickly coming to an end and there has been a “rush” of purchasing vacant land, fuelling prices significantly. We look set for a shortage in two to three years time.
West (Derrimut, Laverton, Laverton North, Ravenhall, Sunshine, Truganina)
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A GRADE (Prime position, premium business park, new buildings) |
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Sale |
Lease |
Example Calculation - Sale |
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Land |
$300 - $400m² |
$15 - $20m² |
Vacant land 4000m² x $350m² = $1,400,000 + GST |
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Land + Building |
$1300 -$1500m² |
$80 - $85m² |
Building 3000m², Land 4600m² 3000m² x $1350m² = $4,050,000 + GST |
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B GRADE (General Industrial location, 20 + years old) |
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Sale |
Lease |
Example Calculation - Lease |
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Land |
$210 - $270m² |
$7 – $10m² |
Vacant land 4000m² x $8.5m² = $34,000 + GST + Outgoings |
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Land + Building |
$1150 - $1250m² |
$70 - $80m² |
Building 3000m², Land 4600m² 3000m² x $70m² = $210,000 PA + GST + Outgoings |
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C GRADE (Average location, 40 + years old building) |
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Sale |
Lease |
Example Calculation - Sale |
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|
Land |
$180 - $200m² |
$10 - $15m² |
Vacant land 4000m² x $190m² = $760,000 + GST |
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Land + Building |
$900 - $1100m² |
$35 - $60m² |
Building 3000m², Land 4600m² 3000m² x $900= $2,700,000 + GS |
Disclaimer: Each property is unique and the above figures are intended as a guide only and should not be used as a valuation. For an accurate guide on your particular property value contact a registered valuer or Rutherfords Real Estate for a specific agencies opinion.
by Drew Williams in Latest News
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