54 Ferndell Street, South Granville

Overview

54 Ferndell Street is a 10-hectare brownfield opportunity located within a tightly held industrial market with constrained land supply and with close proximity to the M4 Motorway (WestConnex). Dexus has lodged a development application to build 54,000 square metres of industrial property across four buildings with varying tenancy sizes to appeal to a range of customers in this precinct.

Property Information

  • Building typeLand
  • TitleFreehold
  • Metro areaSydney, Outer West
  • ZoningIN1 General Industrial
  • Site area (hectares)10
  • OwnerDXS
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantWINIT
  • Acquisition dateSeptember 2018
  • Book value at ownership ($m)33.2
  • Independent valuation dateDecember 2019
  • Independent valuation at ownership ($m)33.2
  • Market cap rate (%)5.75
  • Leased by area (%)41
  • Weighted lease term by income (years)3.5
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