Podco Todd Road
Todd Road, Port Melbourne
Constructed in 2001 and located within Port Melbourne’s busy Fisherman’s Bend commercial and industrial precinct, this property was acquired in May 2014 for $26.25 million.
Features at the time of purchase included:
Three office levels with large floor plates of 2,150m2 to 5,000m2 and 9,306m2 NLA.
Excellent local prominence and exposure with three street frontages – Todd Road, Wharf Road and Wirraway Drive.
Two levels of deck parking providing 344 spaces.
Situated on the western side of Port Melbourne, approximately 5kms from the city.
|Performance to date|
|Purchase Price||$17.3 m|
|Gross Realisation (Nov 2017)||$43.5 m|
|Investor IRR– Post Fees||24.8%|