Lakes Business Park

2-12 Lord Street, Botany

Overview

Immediate connections to Sydney Airport and Port Botany together with easy freeway access to Sydney CBD via the Eastern Distributor creates considerable up-side for this well-established facility.

Lakes Business Park is a premier corporate park in Sydney’s south-east providing efficient, high-quality office and warehouse accommodation across six free standing buildings.

The Park offers a variety of unit options with a high proportion of office space and onsite parking for 640 cars. Nearby facilities include the retail, services and recreational amenity of Botany

The property comprises two adjoining sites - the Northern site is being actively managed and the Southern site was acquired as part of inventory for a future trading opportunity.

- Adjoins Sydney airport & Port Botany

- Immediate access to M5

- Extensive onsite parking

Asset Information

  • Asset typeBusiness Park
  • Year built1990-2002
  • TitleFreehold
  • Asset locationSydney South
  • ZoningB7 Business Park
  • Site area (hectares)4.90
  • Site coverage (%)60
  • Lettable area ('000sqm)29.3
  • Lettable area adjusted for ownership ('000sqm)14.9
  • Number of buildings6
  • Number of units48
  • Average unit size1
  • Office content76
  • Car parking spaces640
  • Owner DXS,DALT
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantICM
  • Acquisition dateJanuary 2015
  • Book value at ownership ($m)91.8
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)91.8
  • Market cap rate (%)5.38
  • 12 month rolling yield (%)4.71
  • Leased by area (%)94
  • Weighted lease term by income (years)2.1

  • NABERS Energy rating (with Green Power)2: 3, 4: 0, 6: NR, 8: NR, 12: NR
  • NABERS Energy rating (without Green Power)2: 3, 4: 0, 6: NR, 8: NR, 12: NR
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water rating2: 1.5, 4: 0, 6: NR, 8: NR, 12: NR
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