Long term leases to Australia Post and the NSW Police.
6-20 Clunies Ross Street, Greystanes, a 7.3 hectare industrial asset located in western Sydney’s industrial hub and with good access to both the M4 Motorway and Great Western highway, is being offered to the market.
A rare offering that combines the metrics of scale, location, modern construction and long-term secure tenants in Australia Post and the NSW Police, the asset is the only Australian industrial holding of the global open ended German investment fund managed by Deka Immobilien.
“The current demand for high performing industrial assets in the Australian market has provided the impetus for Deka to bring the asset to the market at this time,’ said selling agent, Gavin Bishop of Colliers International. “Australian industrial cap rates continue to outpace those of our global counterparts, so offshore interest in trophy industrial assets continues to be strong. Several large industrial portfolios have transacted over the last year, and we have experienced unprecedented demand on the back of the strong performance of this asset class. “
The large site accommodates 38,578sqm of improvements, including 25 docks and doors and excellent heavy vehicle access. Boasting a 6.1 year WALE and current net income in excess of $5 million, the site is located within one of Australia’s premier logistics locations.
“The tenant profile, combined with the scale and improvements to the site, will draw strong interest from the market,” said Matthew Lee of CBRE. “
6-20 Clunies Ross Street, Greystanes is being offered to the market via EOI, closing at 4pm on Tuesday 17th December. The asset is being marketed by Matthew Lee, Mark Hansen and Richard Butler of CBRE and Gavin Bishop and Harry Bui of Colliers International.