Lakes Business Park
Overview
Immediate connections to Sydney Airport and Port Botany together with easy freeway access to Sydney CBD via the Eastern Distributor creates considerable up-side for this well-established facility.
Lakes Business Park is a premier corporate park in Sydney’s south-east providing efficient, high-quality office and warehouse accommodation across six free standing buildings.
The Park offers a variety of unit options with a high proportion of office space and onsite parking for 640 cars. Nearby facilities include the retail, services and recreational amenity of Botany
The property comprises two adjoining sites - the Northern site is being actively managed and the Southern site was acquired as part of inventory for a future trading opportunity.
- Adjoins Sydney airport & Port Botany
- Immediate access to M5
- Extensive onsite parking
Asset Information
- Asset typeBusiness Park
- Year built1990-2002
- TitleFreehold
- Asset locationSydney South
- ZoningB7 Business Park
- Site area (hectares)4.90
- Site coverage (%)60
- Lettable area ('000sqm)29.3
- Lettable area adjusted for ownership ('000sqm)14.9
- Number of buildings6
- Number of units48
- Average unit size1
- Office content76
- Car parking spaces640
- Owner DXS,DALT
- Ownership (%)51
- Co-ownerDexus Australian Logistics Partner
- Major tenantICM
- Acquisition dateJanuary 2015
- Book value at ownership ($m)91.8
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)91.8
- Market cap rate (%)5.38
- 12 month rolling yield (%)4.71
- Leased by area (%)94
- Weighted lease term by income (years)2.1
- NABERS Energy rating (with Green Power)2: 3, 4: 0, 6: NR, 8: NR, 12: NR
- NABERS Energy rating (without Green Power)2: 3, 4: 0, 6: NR, 8: NR, 12: NR
- NABERS Indoor EnvironmentNR
- NABERS WasteNR
- NABERS Water rating2: 1.5, 4: 0, 6: NR, 8: NR, 12: NR