Tesla leases enormous site for “graveyard” of unsold cars
EXCLUSIVE
A month after it was revealed a “graveyard” of unsold Teslas are sitting at Port Melbourne – the Elon Musk backed car giant has leased an enormous warehouse, five kilometres away.
The space, 4125 square metres – just over an acre – forms part of ISPT’s 21.7 hectare Central West Industrial Park, at 9-45 Ashley Street, Braybrook, on the West Footscray border.
With the sublet deal, the 103,307 sqm carbon neutral estate with 13 freestanding buildings, developed 24 years ago but held by the fund manager since 2007, remains fully occupied.
CBRE’s Fergus Pragnell, Cameron Giles and Lachlan May were the agents.
Earlier this year it was reported the car maker was losing its dominant position in the local EV market – an average 53 per cent market share last year falling to 33pc in April, according to Vfacts.
Thousands of Teslas are now said to be banked at Port Melbourne.
Also last quarter, believed to be as a consequence, it dropped the price of models, damaging the used car appeal which dealers say is already fragile for electronic vehicles here.
The sales decline is taking place offshore too with reports of falls in March and April, in the US (story continues below).
Undercover graveyard
Tesla will use the Braybrook warehouse, 35/9 Ashley St, as a vehicle pre-delivery centre.
The tenancy forms part of a 9179 sqm building (also including 36/9 Ashley St) listed for lease earlier this year.
Tottenham train station is about 700 metres away.
Braybrook is about 11kms west of Melbourne’s CBD.
Mr Pragnell said following the Tesla deal, four vacant prime buildings are available in the city’s inner west.
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