Quarrywest

2A Basalt Road & 1 Charley Close, Greystanes

Overview

2A Basalt Road & 1 Charley Close are located in Sydney’s premier industrial estate, Quarrywest. The site incorporates two warehouse facilities with associated office space featuring innovative industrial design and sustainable elements. Built entirely on a single level, the warehouse accommodation will feature high internal clearance and a combination of recessed and on-grade access.

Quarrywest provides up to 130,000 square metres of prime industrial space and is one of Australia's largest premier estates appealing to varied end users. Quarrywest is located on Reconciliation Road in a core industrial market.

- Key position in Western Sydney

- Extensive motorway connections

- High demand area

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)6.7
  • Lettable area ('000sqm)36.2
  • Lettable area adjusted for ownership ('000sqm)18.1
  • Number of buildings2
  • Car parking spaces326
  • Year built2016
  • Major tenantHellofresh
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Number of units4
  • Average unit size9.0
  • Office content11
  • Acquisition dateJune 2014
  • Book value at ownership ($m)56.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)56.0
  • Market cap rate (%)5.00
  • Initial yield (%)5.55
  • Leased by area (%)100
  • Weighted lease term by income (years)7.1

  • Green Star rating5.0 Star (Industrial Design v1), 5.0 Star (Industrial As Built v1)