176-180 O'Riordan Street Mascot NSW 2020

Colliers Industrial & Logistics are pleased to present to the market for sale 176-180 O'Riordan Street, Mascot, a high profile development or investment opportunity to acquire a strategic South Sydney land holding leased to a globally recognised tenant. The property is offered with a short WALE of 1.25 years with a further term of 4 years and the ability to terminate on 1 October 2026, providing the opportunity to implement a range of development and value-add initiatives in the short term.
Key Investment Highlights:

· 6,655m²* of Potential Gross Floor Area
· 44 metre* height limit
· FSR of 3:1 with the potential to increase beyond this (STCA)
· Termination clause in lease to obtain early access for development · Prime high profile exposure to O'Riordan Street · 1,499m²* freehold building
· Short WALE of 1.25 years* (by income) offering immediate access to rental reversion upside.
· Newly refurbished office accommodation with associated amenity and meeting rooms.
· Generous on-site car parking for 30 cars
· Base passing income of $389,775* ($260/m²*) per annum, well below assessed market levels · Assessed net market income of $644,570* ($430/m²*) per annum, providing significant rental uplift from current levels
· Diverse appeal to a large cross-section of potential purchasers including core plus and value-add investors, industrial developers, strata developers, office developers and self-storage operators
· Flexible E3 Productivity Support zoning allowing for multiple potential development outcomes

*All figures are approximate

176-180 O'Riordan Street, Mascot is offered for sale via an International Expressions of Interest (EOI) campaign, closing 3:00 pm (AEST) Tuesday 4th of June 2024.

For further information on this rare opportunity, or to arrange an inspection, please contact the exclusive Colliers selling agents.

Michael Crombie
0412 903 063

Trent Gallagher
0432 242 063