Vincent West

Belrose

22 Narabang Way

Sold SOLD CONTACT AGENT
4788 sqms

Key details

Property Type Industrial
Water $0 / Quarter
Council $0 / Quarter
Strata $0 / Quarter
Land Area 15890 SQM

Highlights

RARE SYDNEY URBAN INFILL INDUSTRIAL ESTATE

* Urban infill industrial estate
* Urban infill industrial estate
* Net passing income of $1,124,771 p.a.
* Improvements totaling 4,788m²
* Total land area: 15,890m²

Upstate in conjunction with Colliers Industrial Capital Markets, on behalf of EG, are pleased to offer for sale 22 Narabang Way, Belrose, a fully leased multi-tenanted industrial estate, located within one of Sydney's most tightly held commercial & industrial precincts, benefitting from multiple value-add opportunities and unlimited upside.

Underpinned by strong occupier demand and record low vacancy levels within the North Sydney market, the offering provides the following captivating features;

* Strategically located urban infill industrial estate, with a history of strong tenant retention and demand
* Fully leased net passing income of $1,124,771 ($235/m²) p.a. provided by seven high-quality tenants
* Assessed net market rental of $1,239,952 ($259/m²) p.a., providing significant rental growth and upside
* High-quality and versatile improvements totaling 4,788m², offering a range of flexible tenancy sizes
* Freehold land holding of 15,890m², governed by an astute Business Park (B7) Zoning
* Diverse WALE of 3.43 years (by income) providing both value-add potential and a secure income stream
* Immediate and future value add opportunities including increasing the WALE, resetting the leases to a market rate, or a stratum sell down of the individual units at a premium
* Infill industrial and logistics location, approximately 22 kilometres north of the Sydney CBD, future proofed to capture the rapid growth of e-commerce

22 Narabang Way, Belrose is being offered for sale via Expressions of Interest closing 12:00pm (AEDT) Friday, 11th March 2022.

For more information or to arrange an inspection contact Vincent West 0403 444 000 or Oliver Rosati 0428 877 888.

Contact the agent

Vincent West

Commercial Licensee/Director in Charge

0403 444 000

Oliver Rosati

Commercial Sales and Leasing Agent L.R.E.A

0428 877 888

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