UNIQUE MASCOT COMMERCIAL & INDUSTRIAL INVESTMENT

247 & 263 King Street, Mascot, New South Wales 2020

Industrial / Office / Industrial For Sale

Expressions of Interest. EOI Date 21 Jun 2018
Land Area: 26,170.00 m2.    Floor Area: 17,049.00 m2.    

King Business Park

Description

Colliers International have the pleasure in offering 247 & 263 King Street, Mascot to the market for sale. The properties can be acquired individually or in one line.

Located in the evolving and tightly held commercial and industrial precinct of Mascot, the assets benefit from their close proximity to Mascot Train Station (450 metres East), and are a short 10-minute walk to the Sydney Domestic / International Airport terminals. The sites will provide excellent future access to the WestConnex which is currently under construction.

Key features of both offerings include:

263 Kings Street, Mascot

• Unique commercial development with holding income of $543,000* pa net for 12 months
• Building area of 6,431m²*
• Site area of 12,170m²*
• Potential FSR at 3:1 (under existing planning controls)
• Flexible B5 Business Development Zoning
• Re-develop or land bank
• 36,510m²* of potential GFA suitable for commercial, hotel or serviced apartment development offering ultimate flexibility
• Extensive frontage to King Street
• Low site coverage offering ample yard and parking area

247 King Street, Mascot

• Rare industrial investment with future development potential
• Large, regular shaped site with an area of 14,000m²*
• Building area of 10,546m²*
• Height limit of 22 metres and FSR of 3:1
• Passing income of $1,841,080 ($175/m²)*
• 100% fully leased investment with a WALE of 3.36 years by income
• Diversification of income with 9 separate tenants occupying the estate
• Exceptional clear span warehouse accommodation with clearance of up to 10.1 metres
• Access to each individual warehouse via dual container height roller shutter doors
• Contemporary office accommodation presenting to the highest of standards
• Substantial hardstand area for easy truck circulation, ingress, and egress
• Ample on-site parking

The properties are being offered for sale via an International Expressions of Interest campaign closing Thursday 21st June, 2018 at 4pm AEST.

The properties can be acquired individually or in one line.

To register your interest in this once in a lifetime opportunity, please contact the below agents.

William Gathercole
0403 618 757

Gavin Bishop
0401 146 051

Sean Thomson
0418 943 452

*Approximate

Features

  • Two sites totalling 26,170m²*
  • Investment with huge development play
  • Offered in one line or individually

Specifications

Access Container access
Clear Height 10 m
Yard Yes
Council Bayside Council
Zoning B5 - Business development
Car Parking Details Parking is at $50 per month

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