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Rare large-scale industrial investment opportunity in South-West Sydney destination precinct

168 Carrington Hero

Over 11,000 square metres on offer in leading Revesby industrial market

Land holding of 11,778 square metres with a total building area of 8,620 square metres in one of the leading industrial markets in Sydney, comes to market.

The high clearance warehouse at 168 Carrington Street, Revesby with roller doors throughout and dual entry points for heavy ridged vehicles, is strategically positioned with 75 metre street frontage to Carrington Street and access to major road infrastructure, including Milperra Road and the M5 Motorway.

Boasting a net passing income of $1,260,000 + GST, the prime industrial property comes with a short WALE of three years leased to reliable tenant Thermotec Australia, who have occupied the site for more than 20 years.

The property is exclusively listed with Trent Gallagher and Angus Urquhart of Colliers.

“The property presents a unique opportunity for any purchaser to receive stable income and either reposition the building upon the tenant vacating and capitalise on growth in rent forecasted or develop into multi-level industrial.” Mr Gallagher said.

“The South market has seen land rates increase by more than 10% in six months and prime rents increase by more than 17% in 12 months.

“This shows the continued demand for the South-West industrial precincts as tenants and buyers continue to migrate away from the city in search for value.”

The Revesby and Milperra industrial market benefits from a wide range of occupier types including, retail trade, manufacturing, food processing and logistics, and recently received a significant influx in institutional capital buying in the area.

“The rezoning and withdrawal of industrial space in South Sydney over the past decade has led to a large displacement of tenants, and a considerable share of these have since moved to South-West Sydney.” Mr Urquhart said.

“Since 2012, Colliers Research estimates that approximately 120 hectares of industrial land has been rezoned for alternative land uses, and infrastructure projects have also placed supply pressure on the South Sydney market.

“At the same time, South-West Sydney has seen a substantial rise in industrial supply over the same period, enabling users to relocate to newer facilities, often at a significantly discounted rate compared to what they were paying in South Sydney.

“Over the past five years, approximately 800,000 sqm of new stock has been added to the South-West Sydney market, representing 28% of Sydney's total supply over the period.”

168 Carrington Street, Revesby is on sale via an Expressions of Interest campaign, which closes 4pm (AEST) on 25th August 2022.


Related Experts

Trent Gallagher

National Director

Sydney South

Trent has been in the real estate industry for over 15 years and in that time, he has thrived in this competitive industry and established himself as one of the most highly esteemed agents within the industry. He has honed his skills in varied markets whilst specialising in development sites, commercial buildings and industrial properties from which he has gained immense property knowledge. Since coming to Colliers, he has excelled across the property spectrum and has become known for his hard work becoming the leading agent in the South Sydney, Sutherland Shire and South West markets.

Trent has been involved in some of Sydney’s most notable sale transactions which includes the Ausgrid owned mixed use development site at 130 Joynton Ave for $183M, the old Toyota HQ at 13 Endeavour Road, Caringbah for $170.5M and the Qantas investment and land portfolio at Mascot for $802M. Trent has also been involved in some of Sydney’s most notable industrial and commercial leases along with notable pre-lease transactions which includes the new 18,000m Harvey Norman warehouse at Casula.

Trent continues to endeavour to be at the forefront of the industry with innovative methods in canvassing, marketing and strategic sales. He strives to actualize the goals of his vendors and work hand in hand with prospective purchasers to ensure all parties achieve the best result efficiently.

Trent takes personal pride in his responsibilities to his clients and delivering service excellence across a variety of situations with his experience and knowledge to recognise and assess any industrial, commercial, retail or residential development site requirement. His assembly of long term clients is a testament to his commitment to his work and ensuring he delivers the best result every time.

 

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Angus Urquhart

Associate Director

Sydney South

Angus is an Associate Director within the industrial business based in the South Sydney office. As Associate Director within the Colliers Industrial South Sydney team, Angus thrives on competition and establishing relationships with long term clients to provide them with unparalleled service. Since coming to Colliers Angus has excelled across the property spectrum and endeavour to be at the forefront of the his team with innovative methods in canvassing, marketing and strategic sales. Angus strives to actualize the goals of his vendors and work hand in hand with prospective purchasers to ensure all parties achieve the best result efficiently.

Noteable Sale Deals

  • 61 Milperra Road, Milperra - $103,500,000
  • 321 Milperra Road, Milperra - $22,500,000
  • 21 Marigold Street,  Revesby - $16,300,000
  • 231-233 Catherine Street & 50 Moore Street, Leichhardt - $15,500,000
  • 68 Marigold Street, Revesby - $15,000,000
  • 24A Ralph Street, Alexandria - $14,500,000
  • 426 Marion Street, Condell Park - $14,500,000
  • 316 Horsley Road, Milperra - $14,200,000
  • 609 Gardeners Road, Mascot - $13,000,000
  • 51-55 Dunning Avenue, Rosebery - $12,500,000
  • 10 James Street, Waterloo - $12,500,000
  • 3-5 Exell Street, Banksmeadow - $11,250,000
  • 252 Cleveland Street, Surry Hills - $10,500,00
  • 52-56 Barker Street, Kensington - $10,110,000
  • 89 Fitzroy Street, Marrickville - $9,900,000
  • 166 Eldridge Road, Condell Park - $9,800,000
  • 712 Botany Road, Mascot - $9,200,000

Noteable Lease Transactions (P.A)

  • 283 Horsley Road, Milperra - $1,353,798
  • Warehouse 1B, 45 Burrows Road, Alexandria - $1,027,579
  • 270 Horsley Road, Milperra - $900,000
  • 300 Botany Road, Alexandria - $746,550
  • 65 Stephen Road, Banksmeadow - $720,000
  • 22 O'Riordan Street, Alexandria - $518,124
  • 49 Fitzoy Street, Marrickville - $515,330
  • 432B West Botany Street, Rockdale - $480,420
  • Building 2A, SCP, 93 O'Riordan Street, Alexandria - $410,176
  • 2D Hayes Road, Rosebery - $340,500
  • 51-55 Dunning Avenue, Rosebery - $350,000
  • 75 Henderson Street, Turrella - $325,000
  • 66 McCauley Street, Alexandria - $322,913
  • 6B Rich Street, Marrickville - $288,168
  • 4/10 Bradford Street, Alexandria - $255,000
  • 215 Edgeware Road, Newtown - $230,000
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