1-3 Dolerite Way is located in Sydney’s premier industrial estate, Quarrywest. The development comprises of two state-of-the-art, high quality designed warehouse buildings featuring innovative industrial design and sustainable elements, providing three tenancies over 8,100 square metres.

Quarrywest provides up to 130,000 square metres of prime industrial space and is one of Australia's largest premier estates appealing to varied end users.

Quarrywest is located on Reconciliation Road in a core industrial market where future expansion is expected to drive user demand.

- Key position in Western Sydney

- Extensive motorway connections

- High demand area

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
1.9
Lettable area ('000sqm)
8.1
Lettable area adjusted for ownership ('000sqm)
4.0
Number of buildings
1
Car parking spaces
71
Year built
2018
Major tenant
Bunnings
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Industrial Partner

Property Statistics

Metro area
Sydney, Outer West
Zoning
IN2 Light Industrial
Number of units
1
Average unit size
3.0
Acquisition date
June 2017
Book value at ownership ($m)
12.3
Independent valuation date
December 2018
Independent valuation at ownership ($m)
12.3
Market cap rate (%)
5.00
Initial yield (%)
4.93
Leased by area (%)
100
Weighted lease term by income (years)
8.6