260B Captain Cook Drive Kurnell NSW 2231

On behalf of RSM as Receivers and Managers appointed, Colliers and Stanton Hillier Parker are proud to present to the market a 100% freehold interest in 260B Captain Cook Drive, Kurnell, a unique industrial development opportunity underpinned by secure holding income.

Located within one of the most rapidly expanding industrial precincts in the Sutherland Shire, this one-of-a-kind industrial land parcel benefits from diminishing land supply, strong prospects for rental and capital growth.

Key investment highlights:

- Significant 10.96-hectare industrial site offering unrivalled scale and vast development upside.
- Total Gross Leasable Area (GLA) of 5,213m², across two existing warehouses with additional yard space.
- Stable holding gross passing income of $2,306,859.11 per annum with the majority of tenants on short-term leases.
- Flexible E4 General Industrial Zoning.
- Significant industrial development potential with an FSR of 1:1 and allowable GFA of 109,600m² (STCA).
- Previously DA Approved for a 28-lot subdivision.
- Ideal redevelopment site for land subdivision, last mile logistics and business estates.
- Situated in the tightly held Kurnell industrial market with a vacancy rate below 1%, providing substantial rental growth.
- Strategic core infill location with immediate access to Captain Cook Drive, providing connectivity to Sydney metropolitan.
- The site offers immediate B-Double access and is strategically located near major arterials, including Captain Cook Drive, which connects to Taren Point Road. This road network will provide direct access to the future M6 Motorway, enhancing connectivity and accessibility for transportation and logistics in the future.
- Surrounding developments will offer future gentrification and growth prospects.
- Kurnell is emerging as a compelling industrial option within South Sydney, offering affordability and proximity to key infrastructure, particularly the M6 Motorway Stage 1 and the proposed Stage 2. This strategic location positions Kurnell as a desirable industrial hub with excellent accessibility and significant growth potential.

A 100% freehold interest in 260B Captain Cook Drive, Kurnell is offered for sale via International Expression of Interest (EOI) closing at 4:00pm (AEST) Thursday, 30 May 2024.

For a copy of the Information Memorandum or to inspect, please contact the Colliers and/or Stanton Hillier Parker exclusive selling agents.