Quarry Industrial Estate

1 Turnbull Close, Greystanes

Overview

1 Turnbull Close is a warehouse/office facility located in the premium industrial estate, Quarry at Greystanes. The facility incorporates single level office and warehouse accommodation featuring high clearance, a combination of recessed loading docks and on-grade access and innovative industrial design.

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.

Property Information

  • Building typeIndustrial Estate
  • Year built2015
  • TitleFreehold
  • Metro areaSydney, Outer West
  • ZoningIN2 Light Industrial
  • Site area (hectares)7.7
  • Site coverage (%)100
  • Lettable area ('000sqm)1.8
  • Lettable area adjusted for ownership ('000sqm)0.7
  • Number of buildings1
  • Number of units1
  • Average unit size1.8
  • Office content33
  • Car parking spaces38
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Major tenantSupply Network
  • Acquisition dateDecember 2007
  • Book value at ownership ($m)2.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)2.0
  • Market cap rate (%)5.00
  • Initial yield (%)4.59
  • Leased by area (%)100
  • Weighted lease term by income (years)11.3
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