Prestons Industrial Estate, Prestons
Key Property Information
The property comprises three modern industrial warehouse buildings constructed on a staged basis between 2001 and 2005. The warehouse building located at 7-9 Jessica Place features a cross dock facility. The other two traditional warehouse buildings feature 10 metre clearance and are fully sprinklered.
The property is strategically located approximately 2km north-west of the M5 Motorway and less than 1km from the M7 Motorway.
Key Information
| Location: | Western Sydney, NSW |
| Acquisition Date: | May 2005 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $19.8 million ($1,498/m²) |
| Capitalisation Rate: | 8.00% |
| Discount Rate: | 9.50% |
| Lettable Area: | 13,215m² |
| Site Area: | 2.7 hectare |
