A commercial property owned by the Kerry Stokes-led Seven Group Holdings could fetch as much as $1.5 million a year in rent.
Caterpillar machinery dealer WesTrac Group, owned by Seven Group, of which Mr Stokes is the executive chairman, is leasing out a 3.87-hectare site in Holroyd, adjacent to the M4 Motorway and Parramatta Road, in Sydney’s western suburbs.
“Properties of this ilk don’t come around very often,” leasing agent Tim Armstrong, head of industrial for Knight Frank, says. “There is nothing really in the vicinity like it.”
The workshop, warehouse and office complex features 9471 square metres of freestanding premises, including a large workshop of 4262 square metres with six gantry cranes that have a maximum internal height of 10.1 metres.
The facility also includes a 1880-square-metre warehouse with an additional 3329-square-metre office featuring more than 160 on-site car parks.
“The facility, best known as Sydney’s home of Caterpillar trucks, will be vacant from September 2018 after WesTrac leaves the area and we have a variety of flexible leasing options available,” Mr Armstrong says.
“The premises are well-suited to vehicle workshops, logistics, car dealerships, distribution centres and groups working on the myriad of infrastructure projects in western Sydney, including the WestConnex.”
The site features a hardstand area of 10,000 square metres and a large wash bay, as well as staff and customer parking areas and access to the warehouse from both sides.
“We have already had quite a lot of interest and we expect that a commercial property of this nature won’t stay free for long,” Mr Armstrong says.
The property also contains a head office, a mix of open-plan and individual offices, boardroom, meeting and training rooms.
WesTrac will be moving into AMP Capital’s $130 million Crossroads Logistics Centre in Casula in Sydney’s south west, taking up 24,000 square metres.
Located on the corner of Woodville Road and Crescent Street, Holroyd, the site is close to the M4 and Parramatta Road, as well as railway stations at Harris Park and Granville.