Quarrywest

2-6 Dolerite Way, Greystanes

Overview

2-6 Dolerite Way is located in Sydney’s premier industrial estate, Quarrywest. The 33,900 square metre warehouse reached practical completion in March 2019 and features innovative industrial design and sustainable elements.

Quarrywest provides circa up to 123,000 square metres of prime industrial space and is one of Australia's largest premier estates appealing to varied end users. Quarrywest is located on Prospect Highway in a core industrial market.

- Key position in Western Sydney

- Extensive motorway connections

- High demand area

Asset Information

  • Asset typeIndustrial Estate
  • Year built2019
  • TitleFreehold
  • Asset locationSydney Outer West
  • ZoningIN2 Light Industrial
  • Site area (hectares)5.40
  • Site coverage (%)62
  • Lettable area ('000sqm)33.9
  • Lettable area adjusted for ownership ('000sqm)17.0
  • Number of buildings1
  • Number of units3
  • Average unit size11
  • Car parking spaces184
  • Owner DXS,DEXUS INDUSTRIAL PARTNER
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Major tenantBeaumont Tiles
  • Acquisition dateJune 2014
  • Book value at ownership ($m)70.5
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)70.5
  • Market cap rate (%)4.88
  • 12 month rolling yield (%)3.59
  • Leased by area (%)100
  • Weighted lease term by income (years)4.8
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