1 Foundation Place is a modern industrial estate located in the business hub of Greystanes offering freestanding units with high clearance and accompanying offices.

The facility is 6 kilometres west of Parramatta and 26 kilometres west of the Sydney CBD, and is well connected to the major arterial routes of the M4 and M7 motorways.

- Modern freestanding buildings

- Multi-unit office/warehouse estate

- High clearance warehousing

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
5.8
Lettable area ('000sqm)
30.8
Lettable area adjusted for ownership ('000sqm)
23.1
Number of buildings
4
Car parking spaces
278
Year built
2004
Major tenant
Sirva
Owner
DXS
Ownership (%)
75
Co-owner
DALT

Property Statistics

Metro area
Sydney, Outer West
Zoning
IN1 General Industrial
Site coverage (%)
53
Number of units
5
Average unit size
6.2
Office content (%)
14
Acquisition date
February 2003
Book value at ownership ($m)
43.9
Independent valuation date
December 2018
Independent valuation at ownership ($m)
43.9
Market cap rate (%)
6.00
Initial yield (%)
7.00
Leased by area (%)
100
Weighted lease term by income (years)
2.0