An unprecedented industrial infill site offering more than 109,000sqm in a popular Sutherland Shire location is set to be a highly attractive proposition after coming to market. 

Containing two existing warehouse buildings totalling 5,213sqm and extensive hardstand areas, the property at 260B Captain Cook Drive in Kurnell is zoned E4 General Industrial and has a surplus of largely undeveloped land, some of which is serviced and level while being leased to multiple tenants on short-term and monthly leases.

The site’s incredible versatility and scope for various development makes it ideal for short to mid-term development, while the offering will be particularly attractive to investors due to its current income generation and potential for significant increase in value. 

The Colliers team of Matthew Meynell, Trent Gallagher and Edward McFarland, in conjunction with Andrew Hunter and Eugene Evgenikos of Stanton Hillier Parker are marketing the property on behalf of Brett Lord and Richard Stone from RSM Australia Partners appointed as Receivers and Managers over the property.

“Colliers Restructuring Property Services are working closely with the Insolvency team at RSM Australia Partners appointed as the Receivers and Managers over the property at 260B Captain Cook Drive, Kurnell.

"The property represents an exceptional opportunity for a purchaser to secure a significant block in the tightly held, land constrained Kurnell industrial market, and we are anticipating the offering will attract a wide range of buyers with different intentions for the site,” Mr Meynell said. 

“Its strategic location and development potential make it highly attractive to various buyer types, including developers, investors, and owner-occupiers looking to capitalise on a nearly vacant block with holding income,” Mr Gallagher said.

“Kurnell is a land constrained market which provides a great alternate to South Sydney users who wish to migrate to the Sutherland Shire due to proximity and affordability.”

"This asset represents a unique opportunity in Southern Sydney's industrial market, particularly within the Sutherland Shire where industrial land of this size is scarce.

Its strategic location on Captain Cook Drive and close proximity to Port Botany will also appeal occupiers seeking to establish purpose-built facilities to meet their specific operational needs,” Mr McFarland added. 

“Seldom in the market is a site offered with unrivalled scale and vast development upside, yet it is underpinned by stable holding income potential that can underwrite the purchase for investors and developers alike,” Mr Evgenikos said. 

“The continued major infrastructure investment and gentrification future proof this acquisition of desirable industrial land, particularly in land-constrained precincts like Southern Sydney,” Mr Hunter said. 

The surrounding region is full of notable occupiers including Dicker Data, National Storage and the Archie Rose Distillery, as well as Sydney’s Desalination Plant.

On top of this there are various small-to-medium industrial developments in the suburb ensuring a promising future. Kurnell has an industrial vacancy rate below 1 per cent, with a highly land constrained market underpinning future growth prospects. 

260B Captain Cook Drive, Kurnell is offered for sale via International Expression of Interest (EOI) closing 4.00pm (AEST) on Thursday, 30 May 2024.