Quarry Industrial Estate

2 Turnbull Close, Greystanes

Overview

2 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.

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 connections serve the area linking Parramatta and Liverpool CBDs.

- High internal clearance

- A variety of industrial uses

- Transport connections to the M4, M7 and Prospect Highway

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Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)11.3
  • Lettable area ('000sqm)6.2
  • Lettable area adjusted for ownership ('000sqm)2.3
  • Number of buildings1
  • Car parking spaces49
  • Year built2015
  • Major tenantSupply Network
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Site coverage (%)100
  • Number of units1
  • Average unit size6.2
  • Office content10
  • Acquisition dateDecember 2007
  • Book value at ownership ($m)6.7
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)6.7
  • Market cap rate (%)5.00
  • Initial yield (%)5.07
  • Leased by area (%)100
  • Weighted lease term by income (years)11.3