Quarrywest

1-3 Dolerite Way, Greystanes

Overview

1-3 Dolerite Way is located in Sydney’s premier industrial estate, Quarrywest. The development comprises of two state-of-the-art, high quality designed warehouse buildings featuring innovative industrial design and sustainable elements, providing three tenancies over 8,100 square metres.

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)1.9
  • Lettable area ('000sqm)8.1
  • Lettable area adjusted for ownership ('000sqm)4.0
  • Number of buildings1
  • Car parking spaces71
  • Year built2018
  • Major tenantBunnings
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Number of units3
  • Average unit size2.7
  • Acquisition dateJune 2017
  • Book value at ownership ($m)12.6
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)12.6
  • Market cap rate (%)5.00
  • Initial yield (%)4.95
  • Leased by area (%)100
  • Weighted lease term by income (years)8.1