1 Garigal Road, Belrose

Overview

1 Garigal Road, Belrose is a high-profile high tech industrial facility that presents an excellent opportunity for corporate headquarters within the northshore of Sydney.

The property sits on a prime location at the entryway to Austlink Business Park on the corners of Garigal Road, Narabang Way and Forest Way.

1 Garigal Road offers ample natural light, a large refurbished floor plate, National Park views and parking for 299 cars.

The property is well-positioned close to arterial road links and is located approximately 24 kilometres north-west of the Sydney CBD.

- Gateway site to Austlink Business Park & close proximity to the new Frenches Forest Public Hospital

- Ample natural light and National Park views

- Refurbished floor plate

Property Information

  • Building typeBusiness Park
  • TitleFreehold
  • Site area (hectares)2.6
  • Lettable area ('000sqm)12.9
  • Lettable area adjusted for ownership ('000sqm)9.7
  • Number of buildings1
  • Car parking spaces299
  • Year built1992
  • Major tenantDevice Technologies Australia
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaSydney, North
  • ZoningB7 Business Park
  • Site coverage (%)47
  • Number of units2
  • Average unit size6.2
  • Office content47
  • Acquisition dateDecember 1998
  • Book value at ownership ($m)25.5
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)25.5
  • Market cap rate (%)6.50
  • Initial yield (%)6.80
  • Leased by area (%)100
  • Weighted lease term by income (years)4.5