Colliers is pleased to offer via an Expressions of Interest campaign, 60-68 Box Road, Taren Point.
This strategically positioned land holding features impeccable building improvements and is situated at the pinnacle of the most sought-after location within the Sutherland Shire.
The key investment highlights of 60-68 Box Road, Taren Point include:
- Proven strong rental market with recent renewals and new leasing deals done up to $315psm Net with minimal incentive.
- Short WALE (by income) of 3.42 years with 49% of the GLA on short-term leases offering immediate access to rental reversion upside and the ability to implement value-add initiatives.
- Net passing income of $1,129,719 ($232/m²) per annum, assessed below market levels.
- Net market income of $1,598,334 ($328/m²) per annum, providing significant rental uplift from current levels.
- Substantial 8,176m²* landholding with expansive 121* metre frontage to Box Road presents as a significant development and value-add opportunity.
- Flexible E4 General Industrial zoning offering multiple potential development outcomes with a 1.5:1 FSR and a significant 12,264m²* of potential Gross Floor Area (GFA) (STCA).
- Diverse appeal to a large cross-section of potential purchasers including core plus and value-add investors, industrial developers, strata developers and self-storage operators.
- Unparalleled location offering excellent access to major road infrastructure including Taren Point Road, Captain Cook Drive, Rocky Point Road, and Princes Highway.
- Significant rental growth forecasts supporting sound investment fundamentals.
*All figures are approximate
60-68 Box Road, Taren Point is available via an Expressions of Interest (EOI) campaign closing Friday, 24th May 2024 at 1:00pm (AEST).
For more information or to arrange an inspection please contact the exclusive agents below:
Trent Gallagher
0432 242 063
Edward McFarland
0401 868 376
