Colliers team of Trent Gallagher, Gavin Bishop and Sean Thomson have been appointed to market a unique freehold landholding within the land constrained last mile industrial precinct of Lane Cove West, at 31-33 Sirius Road Lane Cove West for sale.
A unique freehold landholding strategically located in the extremely tightly held and land constrained last mile industrial precinct of Lane Cove West, has come to market.
The property at 31-33 Sirius Road features high-quality and versatile building improvements totalling 6,003 sqm across five units, sitting in a prime location which offers unparalleled access to a large residential catchment and key arterial motorways, including Lane Cove Road and the M1 & M2 Motorways.
With a strategic WALE (by income) of 3.89 years, the property presents a secure income profile and promising opportunity for value enhancement through a range of value-add and strategic re-leasing initiatives in the short term, as well as numerous exit strategies in the future.
Exclusively appointed for this listing are the Colliers team of Trent Gallagher, Gavin Bishop and Sean Thomson, with price expectations of $28 million.
“Underpinned by a diverse and high-quality tenant mix, this outstanding opportunity offers investors not only a stable cash flow but also considerable potential for short-term value enhancement via multiple value-add and strategic re-leasing initiatives. Additionally, the Lane Cove West industrial market is well-positioned to capitalise on increased demand as industrial and commercial occupiers are displaced from the Macquarie Park market in light of the recently announced Macquarie Park Innovation Precinct rezoning,” Mr Gallagher said.
“Year-to-date, Industrial & Logistics investment volumes have been strong, with $4.4 billion recorded across 104 transactions. Proven economic resilience, coupled with market expectations of cash rate decreases early next year, has boosted sentiment, and aligned buyer and seller pricing expectations. Moving into Q4 2024, we expect heightened investment activity to close out the year, particularly for assets located within land-constrained and established industrial markets, as investment managers with clear strategies look to deploy capital,” Mr Thomson said.
“Core plus capital remains the most active investment sector within the industrial & logistics market and we expect this trend to continue, especially within land contained markets within Sydney. Given the limited supply of industrial property within Lane Cove and its proximity to major infrastructure and the CBD we expect this asset will attract strong interest from the market,” Mr Bishop said.
The Lane Cove Local Government Area (LGA) spans approximately 10.5 square kilometres and occupies a strategic position within Sydney’s Lower North Shore. As a key residential and commercial precinct, Lane Cove plays a crucial role in supporting the broader Sydney metropolitan area, contributing to its economic vitality and liveability.
This industrial freehold at Lane Cove West is for sale via an Expressions of Interest (EOI) campaign closing on Tuesday 15 October 2024.
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