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16 Giffnock Avenue, Macquarie Park

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

Location: North-West Sydney, NSW
Date:Jun 2018
Valuation:$54.5 million
Valuation $/m2:$4,726/m²
Capitalisation rate:6.75%
Discount rate:7.50%
Lettable area:11,532 m²
Site area:1 ha
Weighted average lease expiry:3.7 years
Acquisition date:Jul 2000
Ownership/Title:100%/Freehold
Cost including additions:$33.9 million
Major TenantsGLA m2
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