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.

 

The overall value’s in the Western suburbs of Melbourne have remained steady for some time now. The change we are experiencing is the impact of significant incentives offered by the larger developers. Incentives have continued to grow over the last 3-4 years to the point that we are now seeing in some cases properties nett effective rentals below $60m2. Possibly the lowest rental environment for 30-40 years.

 

 

West (Laverton North, Laverton, Derrimut, Truganina, Sunshine, Ravenhall)

        A GRADE (Prime position, premium business park, new buildings)

 

Sale

Lease

Example Calculation - Sale

Land

$280 - $350m²

$15 - $20m²

Vacant land 4000m² x $300m² = $1,120,000 + GST

Land + Building

$1200 -$1500m²

$67 - $80m²

Building 3000m², Land 4600m² 

3000m² x $1350m² = $4,050,000 + GST

 

                                      B GRADE (General Industrial location, 20 + years old)

 

Sale

Lease

Example Calculation - Lease

Land

$170 - $220m²

$7 – $10m²

Vacant land 4000m² x $8.5m² = $34,000 + GST + Outgoings

Land + Building

$1000 - $1200m²

$50 - $67m²

Building 3000m², Land 4600m²

3000m² x $58.5m² = $175,500 PA + GST + Outgoings

 

                                      C GRADE (Average location, 40 + years old building)

 

Sale

Lease

Example Calculation - Sale

Land

$120 - $170m²

$10 - $15m²

Vacant land 4000m² x $275m² = $580,000 + GST

Land + Building

$800 - $1000m²

$25 - $50m²

Building 3000m², Land 4600m²

3000m² x $900= $2,700,000 + 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.


Posted on Wednesday, 26 April 2017
by Drew Williams in Latest News

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