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16 Giffnock Avenue, Macquarie Park

Located in Macquarie Park, 12 kilometres north-west of the Sydney CBD, 16 Giffnock Avenue sits adjacent to the Optus Centre. The building consists of a modern commercial office, an ancillary warehouse and parking for 270 vehicles.

Location: North-West Sydney, NSW
Acquisition date: Jul 2000
Ownership/Title: 100%/Freehold
Cost including additions: $32.8 million
Last Independent Valuation
Date: Dec 2015
Valuation: $42.4 million
Valuation $/m2: $3,629/m2
Capitalisation rate: 7.75%
Discount rate: 8.25%
Lettable area: 11,684 m2
Site area: 1 ha
Weighted average lease expiry: 3.1 years
Major Tenants GLA m2
Alstom Power 2,970
Apotex 1,951
Endress + Hauser Australia Pty Ltd 1,690
Sonartech Atlas 1,672