JLL South Sydney has been enlisted to sell a leased industrial investment at 40 Raymond Avenue, Matraville which is being offered for the first time in over 20 years.

JLL South Sydney agents, Murray Pettinger, Noah Bernardi, Mark Silva and Leanne Saade are selling the property via auction on Thursday 24th of November 2022 at 10:30 am.

Mr Bernadi said they expected strong demand and interest from investors due to its established tenant and enviable location.

The property offers a high clearance warehouse that includes a mezzanine with office. The building is highly versatile and coupled with its proximity to the ports will make it a future proof investment that will appeal to a broad range of occupiers.

The total building is 905 square metres while the site is 703 square metres and zoning is General Industrial.

A covenant that has been in occupation for over 20 years trading as Optimum Control Pty Ltd. The 3 + 3 + 3-year lease with CPI annual increases. Following its establishment in 1979, Optimum Control has grown to become one of Australia’s best regarding control valve engineering and service organisation.

Mr Pettinger said industrial assets have proven to be resilient during the pandemic and continue to be sought after as rents are showing no signs of decline in the foreseeable future.  There are still cash buyers who are less impacted by the recent interest rate increases and are taking advantage of the drop in competition from those who require a capital injection from a third party.

“Matraville is a future-proof location that will always be sought after due to its proximity to the ports and CBD. Whilst most users are located here to capitalise on the ports precinct the flexible zoning still encourages a great diversity of businesses that includes manufacturing, distribution and warehousing,” he said.

JLL Research shows that Sydney’s industrial market has been thriving in recent times.

“Quarterly gross take-up in South Sydney increased to 26,170 square metres in 2Q22. Over the past 12 months, gross take-up totalled 38,920 square metres – 7% below the long-term 10-year annual average of 41,850 square metres.”

Mr Silva said, the JLL Industrial South Sydney team are solidifying their position as preferred brokerage operators in the area with their third campaign in as many weeks going live in the tightly held suburb of Matraville with more in the pipeline to go live in the coming weeks. 

“Our team are currently running multiple sales and leasing campaigns for investors and owner occupiers in the sub $10m category which we are finding there is strong demand for placing capital in,” he said.

Additional campaigns JLL South Sydney is marketing include: 133 Beauchamp Road and 42 McCauley Street that is for lease. 

To request a copy of the Information Memorandum please contact one of the marketing agents from JLL South Sydney, Murray Pettinger, Noah Bernardi, Mark Silva and Leanne Saade via the contact details below. 

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