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2 Davis Road, Wetherill Park

This property is a modern office warehouse building offering flexible warehousing solutions. Works are underway to redevelop the rear of the property, increasing the hardstand and improving the functionality of the site. Stora Enso Australia has recently leased the remaining vacant space.

Location: Western Sydney, NSW
Acquisition date: Apr 2003
Ownership/Title: 100%/Freehold
Cost including additions: $23.0 million
Last Independent Valuation
Date: Jun 2016
Valuation: $25.6 million
Valuation $/m2: $1,574/m2
Capitalisation rate: 7.25%
Discount rate: 8.25%
Lettable area: 16,263 m2
Site area: 4 ha
Weighted average lease expiry: 4.0 years
Major Tenants GLA m2
Stora Enso Australia 5,989
Freight Specialists Pty Limited 10,274