45-47 Green Street Banksmeadow for sale
A freehold industrial office and warehouse building in the heart of South Sydney, just 11kms from the Sydney CBD is being sold at land value with an opportunity to occupy the existing buildings or start again.
Located at 45-47 Green Street, Banksmeadow 7,954sqm site has 4,266sqm of building area, with a separate freestanding two storey office and high clearance warehouse, as well as 40 car parking spaces and ample yard area.
For sale through Michael Crombie of Colliers International, on behalf of international company DuPont, the site will be highly sought after by owner occupiers who can move straight in, private and institutional investors will take well to the improvements and location, and perfect for a developer with a clean eye to start fresh.
According to Mr Crombie, “With very limited South Sydney stock available, this site is essentially being sold at land value, which provides maximum flexibility and will suit businesses looking to establish or expand in this tightly held precinct, or developers looking for a new project.
The site adjoins a very large Goodman estate, away from the congestion of Alexandria but close to the amenities of Eastgardens. Being so close to the motorway is a major bonus.
Mr Crombie went on to say “With a significant amount of industrial land now rezoned for residential in South Sydney, this is a rare opportunity to secure a freehold industrial lot in this strategic location.
“The site is also being sold with a 12 month sale and lease back at a 5 per cent yield on purchase price, providing time to lodge appropriate approvals and relocate from existing facilities”.
Subject to council approval, the site could be subdivided to suit, or be an ideal conversion into a single or dual level strata estate
45-47 Green Street, Banksmeadow will be offered for sale via Public Auction on Thursday 1 September 2016 at Level 5, 1 Margaret Street, Sydney commencing from 10:30am. The price guide is expected to be circa $10million.