Property Portfolio

Subsequent to the purchase of a second commercial complex in the inner-Sydney suburb of Rozelle, the number of properties held by the Group increased to six.

The following Pie Graph represents net income contribution by property.

Lilyfield Road, Rozelle - Commercial Centre

This 2,000m² commercial property is located 3 kilometres from the Sydney CBD, at the Western exit of the Anzac Bridge. It sits directly opposite the road from Desane's existing multimedia centre in Rozelle. Planning approval has been received by the relevant local government authority to construct a four storey mixed commercial / executive residential building, with basement security parking for 56 vehicles.  This property has been leased on a short term basis, awaiting for market conditions to improve before construction proceeds.

Burns Bay Road, Lane Cove

This superb 12,000m² waterfront industrial property is home to a busy high-tech industrial park. The property has been rezoned to "High Density Residential R4" by the relevant NSW planning authorities. The 8,000m² of industrial building that occupies the property remains fully leased. Desane has a 50% joint venture interest in this property.

Orion Road, Lane Cove

This fully leased 8,000m² industrial property is strategically located at the entrance of the Orion industrial precinct in the Sydney suburb of Lane Cove. The property has excellent road access to Epping Road, north to the Orbital Road and the Lane Cove Tunnel, and south to the Sydney CBD through the Harbour Bridge or Harbour Tunnel to Sydney Airport.

Sirius Road, Lane Cove

The property comprises of a 2,400m² commercial and high-tech building with 50 secure basement car parking spaces. This property is fully leased to two high quality tenants on a long term basis.

Lilyfield Road, Rozelle - Multimedia Centre

This 8,000m² multimedia office industrial facility is located in a prime media communications precinct, three kilometres from Sydney's CBD. The property is fully leased. The close proximity of this property to the Anzac Bridge and the Cross City Tunnel provides easy access to the northern, western, eastern and southern suburbs of Sydney, making the location of this property one of the most sought after. Desane has obtained planning approval to expand this complex by an additional 800m² of office space and 21 additional car parking spaces. Work will commence on the expansion when a pre-commitment from a suitable tenant has been negotiated. Desane has a 70% equity interest in this property.

JG Evans Business Centre, Lidcombe

Desane has decided to sell the two remaining units in this commercial and industrial complex. The properties are situated within the Sydney Olympic Park precinct, as well as being adjacent to the Macquarie Goodman industrial precinct and the M4 Motorway. The properties are leased to high quality long term tenants.