As exclusive selling agents, JLL in conjunction with Colliers International, has the pleasure in offering 126 Andrews Road, Penrith to the market. This land rich investment opportunity is leased to one of Australias most recognised brands VISY*
Being sold via a national Expressions of Interest campaign, closing Thursday, 2nd April 2020 at 4pm, the offering provides the opportunity to acquire a significant land rich investment on a triple net basis.
Key Investment Highlights include:
- Strategic opportunity for an astute investor to position themselves within the dynamic Sydney industrial market
- Passing net income of $1,000,000 p.a. with a triple net lease providing a strong annual rental return
- Long WALE of 7.40 years to globally recognized tenant covenant in VISY, which is guaranteed by Pratt Holdings
- Significant scale, something that has been extremely rare in the Sydney industrial market in recent years
- The tenant has spent significant capital ($10 million approx.) upgrading the building and further embedding them to the asset
- Excellent location offering access to major arterial motorways including the M4 and surrounding amenity
- Penrith is an established industrial market earmarked for strong rental and capital growth prospects in the future
- Significant Government infrastructure spend of $133 billion over the next 4 years driving the Sydney industrial market
- Opportunity to add value to the asset through future development given the low 21% site coverage
The site is located approximately four kilometres to Penrith CBD and train station and 36 kilometres to Parramatta CBD. Situated only five kilometres to the M4 Motorway, allowing future occupants to benefit from the recently completed WestConnex. The site will also benefit in future from the Western Sydney Airport, set for completion in 2026. This generational piece of infrastructure will highly complement the thriving western Sydney precinct.
