22 Narabang Way Belrose NSW 2085

Colliers Industrial Capital Markets in conjunction with Upstate, on behalf of EG, are pleased to offer for sale 22 Narabang Way, Belrose, a fully leased multi-tenanted industrial estate, located within one of Sydney's most tightly held commercial & industrial precincts, benefitting from multiple value-add opportunities and unlimited upside.

Underpinned by strong occupier demand and record low vacancy levels within the North Sydney market, the offering provides the following captivating features;

- Strategically located urban infill industrial estate, with a history of strong tenant retention and demand
- Fully leased net passing income of $1,124,771 ($235/m²) p.a. provided by seven high-quality tenants
- Assessed net market rental of $1,239,952 ($259/m²) p.a., providing significant rental growth and upside
- High-quality and versatile improvements totalling 4,788m², offering a range of flexible tenancy sizes
- Freehold land holding of 15,890m², governed by an astute Business Park (B7) Zoning
- Diverse WALE of 3.43 years (by income) providing both value-add potential and a secure income stream
- Immediate and future value add opportunities including increasing the WALE, resetting the leases to a market rate, or a stratum sell down of the individual units at a premium
- Infill industrial and logistics location, approximately 22 kilometres north of the Sydney CBD, future proofed to capture the rapid growth of e-commerce

22 Narabang Way, Belrose is being offered for sale via Expressions of Interest closing 12:00pm (AEDT) Friday, 11th March 2022.