9 -11A Ferndell Street, Granville
Key Property Information
9-11 Ferndell Street comprises two modern office/warehouse buildings on a 5.4 hectare site. The first stage of the development was completed in December 2001, being a 14,370m² facility leased by Australian Envelopes for a term of 12 years expiring in 2013. The second stage of the development was completed in June 2003.
11a Ferndell Street comprises an older style factory/warehouse building completed in the 1970s. The improvements comprise three warehouse bays and ancillary office leased to Visy until 2013.
Both properties are located in the established industrial suburb of Granville, which is 20km west of the Sydney CBD.
Key Information
| Location: | Western Sydney, NSW |
| Acquisition Date: | June 2003/April 2003 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $57.6 million ($1,192/m²) |
| Capitalisation Rate: | 8.00-8.50% |
| Discount Rate: | 9.00-9.75% |
| Lettable Area: | 48,279m² |
| Site Area: | 8.5 hectare |
