The approximate 4,048sqm site with a quality 2,344sqm commercial building at 52-60 Kent Road in Mascot for sale through Colliers' Michael Crombie and Jackson Wray.
A strategic meticulously maintained two-storey commercial building in one of Southern Sydney’s most significant industrial growth corridors has come to market, appealing to a broad range of buyer types.
The approximate 4,048sqm site with a quality 2,344sqm commercial building at 52-60 Kent Road in Mascot offers the possibility of a substantial 1.2:1 gross floor area upon redevelopment or reconfiguration, and accommodates various business opportunities and operations given the property’s versatile layout.
The Colliers team of Michael Crombie and Jackson Wray have the exclusive listing on behalf of Dick Smith Investments.
“This represents a price point that the majority of people can afford and ticks so many boxes from a real estate acquisition perspective. With absolute flexibility relating to the zoning, this allows industrial strata, traditional warehouse, office, self-storage and the list goes on,” Mr Crombie said.
“Benefiting from passive income generated by the asset and positioned at the apex of the $4 billion LOGOS’ development, this property becomes appealing to a wide range of potential buyers. These buyers would have the opportunity to enjoy the advantages stemming from LOGOS’ substantial investment into the immediate area, Mr Wray added.
Zoned E4 General Industrial, the building has a corner position with three street frontages and a flexiable zoning allowing for commercial use.
The property generates a passive holding income with a height limit of 44 meters that provides ample room to move vertically. On top of this, there are 74 parking spaces catering to the needs of customers, visitors and employees.
Providing immediate access to a range of amenities, the property is close to Mascot station and has easy access to major motorways, the airport and Port Botany.
52-60 Kent Road, Mascot is for sale via an Expressions of Interest Campaign, closing Wednesday 11 October at 2pm (AEDT)