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Classic Industrial Freehold Building With Income - #1
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Classic Industrial Freehold Building With Income - #13

For Sale

Auction 17th Jun 2021 Dexus Place
Colliers is pleased to bring to the market for sale via public auction 22 Burrows Road, St Peters at Cooley CBD Dexus Place on Thursday the 17th of June 2021 at 10.30am.

This is a highly functional classic industrial building situated in the heart of the St Peters/Alexandria invaluable IN1- General Industrial zoning locations.

The property is suitable for owner occupiers and investors alike with a current lease in place with 19 months remaining.

The property has a two storey office building with a rear single level warehouse.
Modern office/showroom facility spanning over the level one (412 SQM) with the ability to house a substantial level of staff and a high clearance/clear span warehouse fitted out with a sprinkler and air-conditioning system.

The site consists of a lock up yard area with 16 parking spaces at the entry point as well at the rear of the site a courtyard looking over the Alexandria Canal.

For the owner occupier: Purchase the site as a going concern which is generating $500,000 Net PA with 19 months remaining on the lease giving you ample time to get things in order to move in and occupy.

For the investor: Purchase a site with current income – have the ability to secure a new tenant 12 months out from vacancy giving no layover time without income.


Key features of this property include:

-Large freehold building in an extremely central location
-IN1- General Industrial Zoning
-Total site area of 2,510 SQM
-High clearance (9.3m) + Clear span warehouse (1,560 SQM)
-Sprinklers and air-conditioning system within warehouse
-Gated yard with 18 parking spaces
-Strong truck and container access
-7.30 metre wide/4.30 metres high warehouse roller door
-Superior office + showroom fit-out with the ability to house a substantial level of staff
-41m street frontage along Burrows Road
-Current lease in place with $500,000 Net PA for 19 months
-Tenant pays 100% of outgoings
-Large scale power supply with onsite substation
-Rear courtyard looking over the Alexandria canal
-Location greatly benefiting from the newly completed West Connex project making the site accessible to all major link roads of Sydney

Area Breakdown:

- Warehouse: 1,560 SQM
- Ground floor/office/workspace: 263 SQM
- First floor office and showroom: 412 SQM
- Total building area: 2,235 SQM
- Total site area: 2,510 SQM
- Parking spaces: 18 on site


For more information or to arrange an inspection please enquire with the exclusive selling agents below:

Nick Mallett
+61 410 807 877

Or

Michael Crombie
+61 412 903 063