• Sold
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential
Mascot Industrial investment with Future Development Potential

For Sale

Expressions of Interest 14th Oct 2019 Colliers International
On behalf of Deloitte, Colliers International are pleased to offer 247 King Street, Mascot to the market for sale by Expressions of Interest. This is your chance to acquire a prime investment in one of Australia’s most tightly held commercial and industrial precincts. The property offers future development potential under the current planning controls.

Key features of the offering include:

•Large, regular shaped site with an area of 13,684m²*
•Future development potential
•Building area of 10,546m²*
•41,000sqm of potential gross floor area ** (STCA)
•FSR at 3:1 (under existing planning controls)
•Passing income of $1,941,637.00 pa ($184/m²)*
•100% fully leased investment with a WALE of 2.17* years by income
•Diversification of income with 9 separate tenants occupying the estate
•Clear span warehouse accommodation with clearance of up to 10.1 metres
•Excellent rent reversion with existing tenants
•Strategic lease expiries
•Large amount of on-site parking
•Walking distance to Mascot Train Station and shopping precinct

FOR SALE by Expressions of Interest closing Monday 14 October 2019 at 2.00pm (AEDT)

For all enquiry please contact the exclusive listing agents:

Matthew Meynell
Head of Investment Services
0413 988 878
matthew.meynell@colliers.com

Property Details

  • 07/03/2020
  • Contact our experts for details on this transaction