Quarrywest

1-3 Dolerite Way, Greystanes

Overview

1-3 Dolerite Way is located in Sydney’s premier industrial estate, Quarrywest. The property comprises 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 circa 123,000 square metres of prime industrial space and is one of Australia's largest premier estates appealing to varied end users. Quarrywest is located on Prospect Highway in a core industrial market.

- Key position in Western Sydney

- Extensive motorway connections

- High demand area

Asset Information

  • Asset typeIndustrial Estate
  • Year built2018
  • TitleFreehold
  • Asset locationSydney Outer West
  • ZoningIN2 Light Industrial
  • Site area (hectares)1.90
  • Site coverage (%)42
  • Lettable area ('000sqm)8.1
  • Lettable area adjusted for ownership ('000sqm)4.0
  • Number of buildings2
  • Number of units3
  • Average unit size3
  • Car parking spaces71
  • Owner DXS,DEXUS INDUSTRIAL PARTNER
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Major tenantWesfarmers Limited
  • Acquisition dateJune 2014
  • Book value at ownership ($m)19.0
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)19.0
  • Market cap rate (%)5.00
  • 12 month rolling yield (%)3.52
  • Leased by area (%)100
  • Weighted lease term by income (years)3.7
Back to top