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104 Vanessa Street Kingsgrove NSW 2208

  • Industrial / Warehouse
  • 7,056 m²
  • Expressions of Interest

Rare opportunity to acquire a modern and highly functional logistics asset in one of the strongest investment markets in Sydney

The Sydney Centric Portfolio

Colliers International in conjunction with JLL, have the pleasure in offering the opportunity to acquire 104 Vanessa Street, Kingsgrove as part of the Sydney Centric Portfolio.

The property is underpinned by its high underlying land value, exceptional lease covenant in Shriro Australia, WALE of 5.3 years, strong 3.50% annual rent review structure and core inner South Western Sydney location.

Building improvements include full height precast concrete frame, multi-level office/showroom accommodation which has been recently refurbished and presenting to the highest of standards, excellent warehouse clearance of up to 11 metres, access to the warehouse via numerous on-grade roller shutter doors and substantial hard stand area and parking to the rear of the property.

Located in the core inner South West logistics precinct of Kingsgrove, the property benefits from its proximity to the M5 Motorway.

- Net passing income: $1,225,778 p.a.
- Market income: $1,353,555 p.a.
- Building area: 7,056m2
- Site area: 11,590m2
- WALE: 5.3 years (as at 1 March 2019)

Key investment highlights include:

Rare opportunity to acquire a modern and highly functional logistics asset in one of the strongest investment markets in Sydney
Excellent access to the M5 Motorway, the Sydney CBD and Port Botany
Property is located less than 300 metres from the Kingsgrove Train Station?
Secure lease covenant to internationally recognised tenant Shriro Australia who has occupied the property for over 10 years
Long WALE of 5.3 years providing security of income for years to come
Kingsgrove is a land constrained market earmarked for significant rental and capital growth in the future
Excellent warehouse clearance of up to 11 metres
Strong rental growth opportunities in the future due to the displacement of tenants from South Sydney
Value-add opportunity in the future through potential rezoning of the site to a higher and better use
High underlying land value underpins the asset

The property will be sold via an International Expressions of Interest Campaign closing 4:00pm AEST Friday the 29th of March 2019.

For further information or to arrange an inspection, please contact the Colliers International or JLL exclusive selling agents.

'TSCP'

EXPRESSION OF INTEREST

Closing date and time29/03/2019 12:00
Recipient nameGavin Bishop
Delivery addressExpressions of Interest Campaign closing 4:00pm AEST Friday the 29th of March 2019.

Property Highlights

Property ID2014987336
Floor Area7,056 m²
Land Area1.16 ha
Parking95 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  18 Sep 2019
Map for 104 Vanessa Street Kingsgrove NSW 2208
Colliers International - Sydney
Level 30, Grosvenor Place 225 George Street Sydney NSW 2000

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