Quarry Industrial Estate

1 Bellevue Circuit, Greystanes

Overview

1 Bellevue Circuit is a purpose-built warehouse and office facility located in one of Sydney's premier industrial precincts, Quarry at Greystanes.

The distribution centre features contemporary architectural design and provides high clearance warehousing, on-grade loading docks and large cantilevered awnings for all-weather protection in the loading areas.

There is significant corporate office space with full height windows that maximise natural light and on-site parking for up to 242 cars.

Quarry at Greystanes is strategically located with direct access to the M4 Motorway and within minutes of the M7 Interchange, offering corporations convenient access to key business and employment areas, such as Parramatta, Port Botany, Sydney Airport and Sydney CBD. T-Way bus services link the area and its associated workforce to the Parramatta and Liverpool CBDs.

- New, purpose-built distribution centre

- Significant office space

- Transport connections to the M4, M7 and Prospect Highway

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)3.5
  • Lettable area ('000sqm)17.9
  • Lettable area adjusted for ownership ('000sqm)6.7
  • Number of buildings1
  • Car parking spaces242
  • Year built2013
  • Major tenantBlackwoods
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Site coverage (%)51
  • Number of units1
  • Average unit size17.9
  • Office content21
  • Acquisition dateDecember 2007
  • Book value at ownership ($m)18.9
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)18.9
  • Market cap rate (%)5.00
  • Initial yield (%)5.41
  • Leased by area (%)100
  • Weighted lease term by income (years)9.5