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 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:
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