Quarry Industrial Estate

4 Turnbull Close, Greystanes

Overview

4 Turnbull Close is a warehouse and office facility located in Sydney's premier industrial precinct, Quarry at Greystanes, featuring innovative industrial design and a number of sustainable elements.

The facility provides single level office and warehouse accommodation featuring high internal clearance and a combination of recessed loading docks and on-grade access. The site can accommodate a variety of industrial uses from warehousing, manufacturing, logistics, storage, research and development.

The facility is located approximately six kilometres west of Parramatta with T-Way services to Parramatta and Liverpool and 30 kilometres west of Sydney CBD featuring convenient proximity to the Great Western Highway (M4) and the M5 and M7 Motorways. The area’s demographics provide access to a strong and diverse workforce.

- High internal clearance

- A variety of industrial uses

- Transport connections to the M4, M7 and Prospect Highway

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)1.8
  • Lettable area ('000sqm)10.1
  • Lettable area adjusted for ownership ('000sqm)3.8
  • Number of buildings1
  • Car parking spaces47
  • Year built2013
  • Major tenantRoche
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Site coverage (%)57
  • Number of units1
  • Average unit size10.1
  • Office content2
  • Acquisition dateDecember 2007
  • Book value at ownership ($m)10.4
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)10.4
  • Market cap rate (%)5.00
  • Initial yield (%)4.98
  • Leased by area (%)100
  • Weighted lease term by income (years)9.5