1 Foundation Place, Greystanes

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1 Foundation Place, Greystanes
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The property is situated in the Greystanes Business Hub which is well located close to major arterial routes being less than 1 kilometre south of the M4 Motorway and 6 kilometres east of the M7 Motorway. Greystanes Business Hub is 6 kilometres west of Parramatta and 26 kilometres west of the Sydney CBD.

Details

Building Type: Industrial Estate
Title:  Freehold
Site Area: (ha)  5.8
Lettable Area: ('000 m2)  30.8
Number of Buildings:  4 
Car Parking Space/s:  278 

Major Tenant: Sirva Pty Ltd



Metro Area: Sydney, Outer West 
Zoning: City Centre 
Site Coverage: (%)53
Number of Units: 5 
Average Unit Size ('000 m2): 6.2 
Acquisition Date: Feb 2003 
Acquisition Price plus Additions: (A$m) 39.6
Book Value: (A$m)41.5
Independent Valuation Date:Jun 2010 
Independent Valuation: (A$m)41.5 
Market Cap Rate: (%)8.50
Initial Yield: (%)9
Discount Rate: (%)9.5
Average Passing Rent: (A$/m2)126.11
Average Market Rent: (A$/m2)114.35
Leased by Area: (%)100
Weighted Lease Term by Income: (year/s)3.2
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Data last updated: 18 August 2010