Underpinned by a highly sought after, rare 27,030sqm parcel of industrial land with 9,344sqm all-purpose hardstand across five tenancies and a functional building area of 7,975sqm, comes to market.

The prime industrial asset at 92 Gow Street in Padstow, South West Sydney, can either be purchased in one line or as two separate lots (12,230 metres squared and 14,800 metres squared), and comes fully leased with a short WALE allowing for immediate upside, in addition to Development Approval consent for industrial strata units at the rear of the site.

Strategically positioned minutes from the M5 and on/off ramps, the site and its large concrete hardstand suitable for heavy duty storage, is easily accessible with three driveways off Gow Street. The property is also approximately seven kilometers South of the Bankstown Town Centre, 22 kilometers South-West of Sydney CBD, and 13 kilometers from Sydney Airport.

The bullet-proof investment opportunity hits one of the most tightly held industrial markets with virtually no land supply in Padstow, and low vacancy seeing rents for the inner South West market grow 17 percent in the last 12 months. Rents are forecasted to grow another ten percent over the next year.

The prize industrial site is listed with Trent Gallagher of Colliers and Jon Orsborn of LJ Hooker Commercial, with price expectations north of $50 million.

“This scarce industrial offering comes with huge scope to value add and reposition existing buildings or develop a multi-level logistics facility to capitalise on the unprecedented Sydney industrial leasing demand.” Mr Gallagher said. “The site is suitable for owner occupiers, investors or developers.”

Groups are looking to capitalise on the area’s proximity to South Sydney and the Sydney CBD, and the value that this market holds compared to South Sydney and Central West, according to Mr Orsborn.

“With the upgrade of the M5 motorway and the opening of the M8, there has been a significant increase in interest in the inner south-west.” Mr Orsborn said.

92 Gow Street, Padstow is being offered for sale via an Expressions of Interest campaign, closing 3:00pm (AEST) Wednesday, 7th September 2022.

To request a copy of the Information Memorandum please contact one of the marketing agents Trent Gallagher of Colliers and Jon Orsborn of LJ Hooker Commercial, via the contact details below.