Calculate your properties current lease or sale value for the North 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.
The North-West region of Melbourne has all but run out of land for future private development. Melbourne Airport control most of the land in this precinct and are creating an impressive business park based on large distribution buildings, lease only. The lack of future development opportunities, the nearby International Airport and the excellent road network available in this region means capital growth is very likely.
North West (Tullamarine, Keilor, Keilor East)
|
A GRADE (Prime position, premium business park, new buildings) |
|||
|
|
Sale |
Lease |
Example Calculation - Sale |
|
Land |
$420 - $500m² |
$20 - $30m² |
Vacant land 4000m² x $450m² = $1,800,000 |
|
Land + Building |
$1300 -$1700m² |
$95 - $120m² |
Building 3000m², Land 4600m² 3000m² x $1500m² = $4,500,000 + GST |
|
|
|||
|
B GRADE (General Industrial location, 20 + years old) |
|||
|
|
Sale |
Lease |
Example Calculation - Lease |
|
Land |
$380 - $420m² |
$15 - $20m² |
Vacant land 4000m² x $17.5m² = $70,000 +GST+ Outgoings |
|
Land + Building |
$1200 - $1300m² |
$65 -$75m² |
Building 3000m², Land 4600m² 3000m² x $90m² = $270,000 PA + GST + Outgoings |
|
|
|||
|
C GRADE (Average location, 40 + years old building) |
|||
|
|
Sale |
Lease |
Example Calculation - Sale |
|
Land |
$300 - $400m² |
$10 - $15m² |
Vacant land 4000m² x $350m² = $1,400.000+ GST |
|
Land + Building |
$1100 - $1200m² |
$75 - $85m² |
Building 3000m², Land 4600m² 3000m² x $1150m² = $3,450,000 + GST |
Disclaimer: Each property is unique and the above figues 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
Archived Posts
- December 2024 (1)
- November 2024 (3)
- October 2024 (1)
- September 2024 (1)
- August 2024 (1)
- July 2024 (1)
- February 2024 (2)
- November 2023 (3)
- July 2023 (3)
- March 2023 (1)
- September 2022 (1)
- June 2022 (3)
- March 2022 (1)
- February 2022 (6)
- May 2021 (2)
- March 2021 (1)
- February 2021 (1)
- December 2020 (1)
- November 2020 (1)
- October 2020 (1)
- September 2020 (1)
- August 2020 (1)
- July 2020 (4)
- February 2020 (1)
- December 2019 (3)
- August 2019 (1)
- July 2019 (1)
- June 2019 (1)
- March 2019 (4)
- February 2019 (3)
- December 2018 (3)
- November 2018 (3)
- October 2018 (3)
- September 2018 (3)
- August 2018 (3)
- July 2018 (3)
- June 2018 (3)
- May 2018 (8)
- April 2018 (3)
- March 2018 (2)
- February 2018 (3)
- December 2017 (3)
- November 2017 (4)
- October 2017 (5)
- August 2017 (3)
- July 2017 (3)
- June 2017 (3)
- May 2017 (3)
- April 2017 (10)
- March 2017 (3)
- February 2017 (4)
- December 2016 (5)
- November 2016 (10)
- October 2016 (6)
- September 2016 (6)
- August 2016 (3)
- July 2016 (3)
- June 2016 (2)
- May 2011 (1)