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 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)5.4
  • Lettable area ('000sqm)33.9
  • Lettable area adjusted for ownership ('000sqm)17.0
  • Number of buildings1
  • Car parking spaces184
  • Year built2019
  • Major tenantR.J Beaumont & Co. Pty Ltd
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Number of units1
  • Average unit size33.9
  • Acquisition dateJune 2018
  • Book value at ownership ($m)43.5
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)43.5
  • Market cap rate (%)5.00
  • Initial yield (%)5.27
  • Leased by area (%)100
  • Weighted lease term by income (years)9.2