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

Property Information

  • Building typeBusiness Park
  • TitleFreehold
  • Site area (hectares)4.9
  • Lettable area ('000sqm)29.3
  • Lettable area adjusted for ownership ('000sqm)21.9
  • Number of buildings6
  • Car parking spaces640
  • Year built1990-2002
  • Major tenantBRP
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaSydney, South
  • ZoningB7 Business Park
  • Site coverage (%)62
  • Number of units48
  • Average unit size0.6
  • Office content76
  • Acquisition dateJanuary 2015
  • Book value at ownership ($m)108.4
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)108.4
  • Market cap rate (%)5.25
  • Initial yield (%)5.10
  • Leased by area (%)88
  • Weighted lease term by income (years)2.8

  • NABERS Energy rating (with Green Power)2-12 Lord NR
  • NABERS Energy rating (without Green Power)2-12 Lord NR
  • NABERS Water rating2-12 Lord NR