2-4 Military Road, Matraville

Overview

2-4 Military Road is a modern industrial estate located near Port Botany with easy access to the Eastern Distributor, the M5 Motorway and Sydney Airport.

The complex comprises two freestanding, high clearance industrial office/warehouse buildings with a total area of 30,200 square metres on a site of 5.4 hectares.

- Modern office/warehouse complex

- Close proximity to Port Botany

- High clearance warehousing

Property Information

  • Building typeIndustrial Estate
  • Year built2000
  • TitleFreehold
  • Metro areaSydney, South
  • ZoningIN1 General Industrial
  • Site area (hectares)5.4
  • Site coverage (%)56
  • Lettable area ('000sqm)30.4
  • Lettable area adjusted for ownership ('000sqm)22.8
  • Number of buildings2
  • Number of units2
  • Average unit size15.1
  • Office content24
  • Car parking spaces384
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantFedex
  • Acquisition dateDecember 2009
  • Book value at ownership ($m)72.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)72.0
  • Market cap rate (%)5.00
  • Initial yield (%)5.40
  • Leased by area (%)100
  • Weighted lease term by income (years)5.9
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