Knight Frank in conjunction with One Commercial are pleased to offer to market a unique opportunity to purchase this best in class Distribution Centre.
93 Ferries McDonald Road, Monarto is South Australia's largest vacant possession distribution centre of 64,459 sqm* on an expansive freehold parcel of land of 365,000 sqm* (36.5 ha*). This represents a low building site coverage of around 20% allowing for long term expansion or future sub-division (subject to planning approval being obtained).
The site has full drive-around access with significant docking area for articulated vehicles and approximately 150,000 sqm of heavy duty hardstand. The distribution centre incorporates a two level office, cool room and centralised warehouse accommodation.
For the past 15 years the property has been fully occupied by Woolworths Limited "Big W" on a triple net lease. Woolworths have not taken up their option to renew, with the lease expiring in July 2021. The property will be sold with vacant possession with the vast majority of the extensive fit-out remaining to the benefit of the new owner.
The property is situated on Ferries McDonald Road within the industrial hub of Monarto, approximately 50 km south east of the Adelaide metropolitan area.
Key Features Include:
- Seeking owner occupiers and property entrepreneurs
- Total site area of 365,000 sqm*
- Total gross lettable area of 64,459 sqm*
- Forecast market net income of $3,222,950 per annum
- Zoning - Light Industrial Zone I Monarto South Policy area
- Property offered with vacant possession
93 Ferries McDonald Road, Monarto is For Sale by International Expressions of Interest closing Thursday 7 October at 4:00pm (AEDT).
For further information or to obtain a copy of the Information Memorandum please contact one of the exclusive selling agents.
Inspections are strictly by appointment only.
*Approximately.
