Rare Infill Industrial Investment Opportunity

13 Ferndell Street, South Granville, New South Wales 2142

Industrial For Sale

Expressions of Interest. EOI Date 18 Oct 2018
Land Area: 26,740.00 m2.    Floor Area: 15,302.00 m2.    

Description

On behalf of Centuria Property Funds, Colliers International have the pleasure in offering 13 Ferndell Street, Granville to the market for sale.

This presents as an outstanding opportunity to acquire a quality industrial property of scale, located in one of the most tightly held industrial precincts in Sydney. The property is located in close proximity to the M4 Motorway, providing B-Double truck access to Woodville Road and the Hume Highway.

Key investment highlights include:

• Substantial building area of 15,302sqm
• Passing income of $1,543,922 ($101/sqm) pa net which is under-market
• Excellent warehouse clearance of up to 11.6 metres
• Strong lease covenant to Bluescope Steel, a national listed tenant, offering security of income
• Opportunity to add value to the asset in the short run by resetting the lease with the embedded sitting tenant
• Granville is a land constraint market supporting strong rental / capital growth prospects in the future
• Strategic location offering excellent access to the Hume Highway, Woodville Road and the M4 Motorway
• Potential higher and better use in the future through rezoning the property
• The asset will greatly benefit from the Government’s $81.1 billion in infrastructure over the next 4 years

International Expressions of Interest close Thursday 12:00pm AEST 18th October 2018.

Features

  • Passing income of $1,543,922 pa net
  • Strong lease covenant
  • Strategic location

Specifications

Council Parramatta
Zoning IN1

Map

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