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.

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The property

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 Fees24.8%