Quarrywest

9 Dolerite Way, Greystanes

Overview

9 Dolerite Way is located in Sydney’s premier industrial estate, Quarrywest. The new 6,800 square metre warehouse was developed with innovative industrial design and sustainable elements.

The single level office and warehouse accommodation provides a combination of on-grade access and recessed loading docks with all-weather coverage via large cantilever awnings.

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)1.2
  • Lettable area ('000sqm)6.8
  • Lettable area adjusted for ownership ('000sqm)3.4
  • Number of buildings1
  • Car parking spaces33
  • Year built2018
  • Major tenantPower Plastics
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Number of units1
  • Average unit size6.8
  • Acquisition dateJune 2017
  • Book value at ownership ($m)8.4
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)8.4
  • Market cap rate (%)5.25
  • Initial yield (%)5.30
  • Leased by area (%)100
  • Weighted lease term by income (years)3.5