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King Business Park 247 King Street Mascot NSW 2020

  • Industrial / Warehouse
  • 10,546 m²
  • For Sale, Please contact agent

Mascot Industrial investment with Future Development Potential

  • Rare industrial investment with upside
  • Large, regular shaped site of 13,684m²*
  • FSR at 3:1

On behalf of Deloitte, Colliers International are pleased to offer 247 King Street, Mascot to the market for sale by Expressions of Interest. This is your chance to acquire a prime investment in one of Australias most tightly held commercial and industrial precincts. The property offers future development potential under the current planning controls.

Key features of the offering include:

Large, regular shaped site with an area of 13,684m²*
Future development potential
Building area of 10,546m²*
41,000sqm of potential gross floor area ** (STCA)
FSR at 3:1 (under existing planning controls)
Passing income of $1,941,637.00 pa ($184/m²)*
100% fully leased investment with a WALE of 2.17* years by income
Diversification of income with 9 separate tenants occupying the estate
Clear span warehouse accommodation with clearance of up to 10.1 metres
Excellent rent reversion with existing tenants
Strategic lease expiries
Large amount of on-site parking
Walking distance to Mascot Train Station and shopping precinct

FOR SALE by Expressions of Interest closing Monday 14 October 2019 at 2.00pm (AEDT)

For all enquiry please contact the exclusive listing agents:

Matthew Meynell
Head of Investment Services
0413 988 878
matthew.meynell@colliers.com

Property Highlights

Property ID2015651126
Floor Area10,546 m²
Land Area1.4 ha
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  24 Jan 2020
Map for King Business Park 247 King Street Mascot NSW 2020
Map for King Business Park 247 King Street Mascot NSW 2020King Business Park 247 King Street Mascot NSW 2020
Colliers International Sydney South
Building 3, Level 8, 185-191 O’riordan Street Mascot NSW 2020

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