Southern Sydney Industrial Investment with Significant Value-Add Upside
60-68 Box Road, Taren Point NSW 2229
EOI 24/05/24
IndustrialSize: n/a
Block size: 8176 m² approx.
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
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
Inspections
No open inspections scheduled.
Send an enquiry
Contact Trent Gallagher to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
8176 m²*
Other Details
Lot:
1
Plan Type:
DP
Plan:
1008188
Legal description:
1/1008188
Maps and area information
Block information
Block size: 8176m² (approx)
Legal description: 1/1008188
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
59 years
Population
1,879
Listing ID: 182494411. This listing has been viewed 0 times. It was first displayed on 03/05/2024 and last updated on 03/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.