The Mill

41-43 Bourke Road, Alexandria

Overview

The Mill comprises a mix of ten modern and refurbished historic buildings, providing converted warehouse style office, retail spaces and car parking.

The Mill is located on the corner of Bourke Road and Huntley Street in Alexandria, 15 minutes from the Sydney CBD, 10 minutes from Sydney Airport and one kilometre from Green Square railway station.

The tenancy profile consists of a diverse range of users and includes The Grounds of Alexandria. The Grounds of Alexandria is a popular food & beverage operator offering a cafe, bar, restaurant and sustainable garden, attracting 15,000-20,000 visitors each week and providing popular amenity for the occupiers and local community.

Property Information

  • Building typeBusiness Park
  • TitleFreehold
  • Site area (hectares)1.9
  • Lettable area ('000sqm)17.6
  • Lettable area adjusted for ownership ('000sqm)17.6
  • Number of buildings12
  • Car parking spaces216
  • Year built1823 (1918)
  • Major tenantGenesis Care Finance
  • OwnerDXS
  • Ownership (%)100
  • Metro areaSydney South
  • ZoningB6 Enterprise Corridor
  • Number of units10
  • Average unit size1.5
  • Office content87
  • Acquisition dateJanuary 2017
  • Book value at ownership ($m)138.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)138.0
  • Market cap rate (%)5.50
  • Initial yield (%)4.62
  • Leased by area (%)99
  • Weighted lease term by income (years)6.6