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Macquarie Technology Business Park, Macquarie Park

Located in Macquarie Park, this technology centre is 12 kilometres north-west of the Sydney CBD. The site consists of two buildings, 33-39 Talavera Road and 11-17 Khartoum Road, both comprising office and warehouse accommodation with onsite parking for over 400 vehicles. Stage one DA has been submitted for a 10 storey, 17,500 sqm commercial office development with the site holding development potential for up to 55,000 sqm gross floor area.

Location: North-West Sydney, NSW
Acquisition date:Oct 2000
Ownership/Title:100%/Freehold
Cost including additions:$46.7 million
Last Independent Valuation
Date:Dec 2016
Valuation:$56.3 million
Valuation $/m2:$3,668/m²
Capitalisation rate:6.75%-7.75%
Discount rate:7.75%
Lettable area:15,349 m²
Site area:3.0 ha
Weighted average lease expiry:4.4 years
Major TenantsGLA m2
Chubb Security Holdings Australia Pty Ltd9,147
Wise Medical859
TRED Australia709
Greencap NAA Pty Ltd1,235