3 Brookhollow Avenue, Baulkham Hills

Overview

This asset is located within the Norwest Business Park which is a leading technology and business park providing campus style office, high-technology and manufacturing-production facilities. Its located in close proximity to the M7 motorway with extensive frontage to both Norwest Boulevard and Brookhollow Avenue.

Property Information

  • Building typeData Centre
  • TitleFreehold
  • Site area (hectares)5.2
  • Lettable area ('000sqm)13.4
  • Lettable area adjusted for ownership ('000sqm)13.4
  • Number of buildings1
  • Car parking spaces163
  • Year built1995
  • Major tenantIBM Australia
  • OwnerDXS
  • Ownership (%)100
  • Metro areaSydney, Outer West
  • ZoningEmployment area 10(a)
  • Site coverage (%)26
  • Number of units1
  • Average unit size13.4
  • Office content10
  • Acquisition dateDecember 2002
  • Book value at ownership ($m)78.7
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)78.5
  • Market cap rate (%)6.00
  • Initial yield (%)5.75
  • Leased by area (%)100
  • Weighted lease term by income (years)4.3