Colliers, on behalf of Leda Holdings, are pleased to offer for sale 32 Cawarra Road, Caringbah, a high-quality and appealing commercial asset, strategically located to provide crucial amenity within one of Sydney's most tightly held infill industrial and commercial precincts.
Showcasing inherent flexibility, the property is underpinned by the following captivating features:
- Recently refurbished improvements totalling 2,980m²* of lettable area
- Regular shaped 5,495m²* corner land holding, enjoying maximum exposure of 145 metres frontage to Wurrook Circuit and Cawarra Road
- Protected WALE of 6.4 years supported by a diversified tenancy mix, providing a mixture of income security and upside
- Net passing income of $1,252,965* per annum which is well below market levels
- Assessed net market income of $1,575,900* per annum + GST
- Generous development controls allowing for up to 8,243m²* of GFA and 16 metres in total height showcasing the potential for significant value-add (STCA)
- Ideal value-add investor opportunity to position yourself within one of Southern Sydney's strongest investment markets
- Strategic location offering excellent access to major road infrastructure including Taren Point Road, Captain Cook Drive, Rocky Point Road, and Princes Highway
*All figures are approximate
32 Cawarra Road, Caringbah, is offered for sale via Expressions of Interest (EOI) campaign, closing 3:00pm (AEDT) Wednesday, 30th November 2022.
