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 future trading opportunity.

- Adjoins Sydney airport & Port Botany

- Immediate access to M5

- Extensive onsite parking

Property Details

Building type
Business Park
Title
Freehold
Site area (hectares)
4.9
Lettable area ('000sqm)
29.3
Lettable area adjusted for ownership ('000sqm)
21.9
Number of buildings
6
Car parking spaces
640
NABERS Energy rating (with Green Power)
2 Lord NR / 4 Lord N/A / 6 Lord N/A / 8 Lord N/A / 12 Lord N/A
NABERS Energy rating (without Green Power)
2 Lord NR / 4 Lord N/A / 6 Lord N/A/ 8 Lord N/A / 12 Lord N/A
NABERS Water rating
2 Lord N/A/ 4 Lord N/A / 6 Lord N/A/ 8 Lord N/A / 12 Lord N/A
Year built
1990-2002
Major tenant
BRP
Owner
DXS
Ownership (%)
75
Co-owner
DALT

Property Statistics

Metro area
Sydney, South
Zoning
B7 Business Park
Site coverage (%)
62
Number of units
48
Average unit size
0.6
Office content (%)
76
Acquisition date
January 2015
Book value at ownership ($m)
105.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
105.0
Market cap rate (%)
5.75
Initial yield (%)
5.20
Leased by area (%)
87
Weighted lease term by income (years)
3.0