9/1 Trade Park Drive, Tullamarine, VIC 3043 | Property Value & History | OnTheHouse
OFF MARKET

9/1 Trade Park Drive
Tullamarine VIC 3043

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2685m2
Land area: 291m2
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Property Details for 9/1 Trade Park Dr, Tullamarine

Building Type
Commercial
Floor Size
2685m2
Land Size
291m2
Local Government
Hume
Lot/Plan
9/SP29933

Last Listing description (August 2014)

Great Office Investment
The property is situated some 20 kilometers north of the Melbourne CBD, within immediate proximity to the Melbourne International Airport on the prominent corner of Melrose Drive and Trade Park Drive and within the strong industrial suburb of Tullamarine. This location has been long sought after by many airfreight oriented companies requiring direct access to Melbourne Airport and the adjacent Bond Storage facilities in the area. The airport precinct had seen significant and substantial industrial development over the last few years, due to strong tenant demand for this location.
The property comprises a excellent quality single storey office premises having an area of 289m2 approximately with 10 separate on site car spaces. The premises are utilised as a corporate offices providing a very good commercial office standard, including recessed suspended ceilings and lighting, feature floating timber and carpeted flooring, reverse cycle air conditioning and heating, painted walls, and glazed entrance doors and windows. Other amenities are provided including tiled male and female toilets and kitchenette. The tenant has also fitted out the building with good quality office fitout, including separate office and work station spaces. The building also benefits greatly from its prominent position at the front of the Lot 1, building estate.

The tenant, Loch M Fraser Logistics Pty Ltd is an established and renowned freight forwarding, logistics, and consultancy company. The company provides tailor-made and end-to-end supply chain solutions.
Loch M Fraser???s services are focused in Melbourne and Brisbane, as well as other Australian capital cities such as Sydney, Perth and Adelaide. The property is the company???s freight forwarding and logistic head office for Australia, and the company has held a Lease over the property since mid 2004.
The company???s web site is www.lochm.com.au
Lease Terms
Commencement: 1st February, 2013.
Lease Term: Four (4) Years.
Option: Four (4) Years
Rental: $47,610 plus GST per annum.
Rent Reviews: Fixed 3.5% increases
Outgoings: Tenant pays all
For Sale by Public Auction, 11am, ,Thursday, 12th June, 2014, at Garden Room, Leonda by the Yarra, 2 Wallen Road, Hawthorn.

Property History for 9/1 Trade Park Dr, Tullamarine, VIC 3043

A timeline of how this property has performed in the market
Last Sold
$628,000
11 May 1989
  • 01 Nov 2013
    Listed for Sale AUCTION, 11AM, THURSDAY 12TH JUNE 2014
  • 11 May 1989
    Sold for $628,000
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About Tullamarine 3043

The size of Tullamarine is approximately 7.5 square kilometres. There are 10 parks, covering nearly 3.4% of the total area. The population of Tullamarine in 2016 was 6605 people. By 2021 the population was 6733 showing a population growth of 1.9% in the area during that time. The predominant age group in Tullamarine is 30-39 years. Households in Tullamarine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tullamarine work in a clerical occupation.In 2021, 62.10% of the homes in Tullamarine were owner-occupied compared with 62.40% in 2016.

Tullamarine has 5,960 properties. Over the last 5 years, Houses in Tullamarine have seen a 15.73% increase in median value, while Units have seen a 14.62% increase. As at 31 July 2026:

  • The median value for Houses in Tullamarine is $811,264 while the median value for Units is $583,949.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 10 properties listed for sale, and 13 properties listed for rent in Tullamarine on OnTheHouse. According to Cotality's data, 253 properties were sold in the past 12 months in Tullamarine.

Suburb Insights for Tullamarine 3043

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.