1 Garigal Road, Belrose
Overview
1 Garigal Road, Belrose is a high-profile high tech industrial facility that presents an excellent opportunity for corporate headquarters within the Northshore of Sydney.
The property sits on a prime location at the entryway to Austlink Business Park on the corners of Garigal Road, Narabang Way and Forest Way.
1 Garigal Road offers ample natural light, a large refurbished floor plate, National Park views and parking for 299 cars.
The property is well-positioned close to arterial road links and is located approximately 24 kilometres north-west of the Sydney CBD.
- Gateway site to Austlink Business Park & close proximity to the new Frenches Forest Public Hospital
- Ample natural light and National Park views
- Refurbished floor plate
Asset Information
- Asset typeBusiness Park
- Year built1992
- TitleFreehold
- Asset locationSydney North
- ZoningB7 Business Park
- Site area (hectares)2.60
- Site coverage (%)50
- Lettable area ('000sqm)20.3
- Lettable area adjusted for ownership ('000sqm)10.4
- Number of buildings1
- Number of units2
- Average unit size6
- Office content47
- Car parking spaces299
- Owner DXS,DALT
- Ownership (%)51
- Co-ownerDexus Australian Logistics Partner
- Major tenantMotus Transport Pty Ltd
- Acquisition dateDecember 1998
- Book value at ownership ($m)25.0
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)25.0
- Market cap rate (%)6.00
- 12 month rolling yield (%)5.58
- Leased by area (%)45
- Weighted lease term by income (years)8.6