3 Averill Street & 6 Leeds Street Rhodes NSW 2138

Ray White Commercial Western Sydney is pleased to present 3 Averill Street & 6 Leeds Street, Rhodes for sale via Expressions of Interest.

Located in a prominent location in the Rhodes East Precinct, this represents an exceptional opportunity to invest, reposition or develop.

3 Averill Street, also known as 'Rhodes Self Storage' is a self storage facility comprising about 198 units and has also been DA approved for a height uplift, allowing further expansion of the building.^^

6 Leeds Street, adjoins at the rear and is improved with a single level warehouse currently let to two tenants. The property has DA approval for conversion to self storage in conjunction with an increase in building height.^^

With an array of options on offer and over a substantial site area of 2,770sqm, intending purchasers could also develop the properties into a childcare centre + utilise the 31m height limit for added expansion of the existing self storage business + an apartment development under the R4 High Density Residential zoning. These properties have significant upside providing multiple value add opportunities.^

After the recent rezoning of the Rhodes East Precinct that occurred on 30 October 2021, Rhodes Self Storage will be the only and last approved self-storage facility within the Rhodes Peninsula. Currently trading at 95% occupancy, the increase in population density and the scarcity of storage spaces, this facility will be highly sought after.

Additional Highlights: |
• Site area of 2,770sqm*
• Two adjoining warehouses
• Only storage facility in the Rhodes catchment area with an excellent demograhic of customer base
• Development upside through zoning R4 High Density Residential
• Two street frontages
• Expansive waterview and harbour views
• Further value add opportunity^
• Prominent exposure to Concord Road
• Stroll to the new ferry wharf (proposed)
• Booming population growth with increasing housing and population density
• Adjoining Council car park to 6 Leeds Street

The properties will be offered for sale individually or in one-line via Expressions of Interest, closing Thursday 21 April 2022 at 3pm.