1 Foundation Place, Greystanes

Overview

1 Foundation Place is a modern industrial estate located in the business hub of Greystanes offering freestanding units with high clearance and accompanying offices.

The facility is 6 kilometres west of Parramatta and 26 kilometres west of the Sydney CBD, and is well connected to the major arterial routes of the M4 and M7 motorways.

- Modern freestanding buildings

- Multi-unit office/warehouse estate

- High clearance warehousing

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)5.8
  • Lettable area ('000sqm)30.8
  • Lettable area adjusted for ownership ('000sqm)23.1
  • Number of buildings4
  • Car parking spaces278
  • Year built2004
  • Major tenantSirva
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaSydney, Outer West
  • ZoningIN1 General Industrial
  • Site coverage (%)53
  • Number of units5
  • Average unit size6.2
  • Office content14
  • Acquisition dateFebruary 2003
  • Book value at ownership ($m)48.8
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)48.8
  • Market cap rate (%)5.75
  • Initial yield (%)6.48
  • Leased by area (%)100
  • Weighted lease term by income (years)3.1