Yarra Valley Farms Leases Office Warehouse Building in Yarraville

The property is adjacent to, and visible from the Westgate Freeway. It includes 800 square metres of modern office space, and a 2000 square metre industrial warehouse. Yarra Valley Farms plans to use the Thomas Street facility as a fresh produce distribution centre.

According to Jones Lang LaSalle associate director of warehouse and logistics services Robert Mirabello, who leased the property with Ashley Buller, the Yarraville and Footscray industrial precincts attract tenants who want proximity to the CBD, Citylink and the Western Ring Road network, but don’t want to pay costs commanded by nearby Port Melbourne.

Mr Mirabello said Yarra Valley Farms is paying around $61 per square metre incorporating office and warehouse space. This compares to the average rate of around $100 per square metre for similar space in Port Melbourne.

Yarra Valley Farms acting chief of operations Jan Vydra said the building’s proximity is close to its suppliers many of which are based along Footscray Road. It has another distribution facility in Monbulk in Melbourne’s outer eastern suburbs.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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