Commercial expert David Ferreri, of Coutts Wetherill Park has been appointed to market 5 Metters Place, Wetherill Park for sale by way of public Auction.

Located at 5 Metters Place, Wetherill Park the property is positioned in one of Sydney’s most established industrial precincts.

The property is available through  public auction on Wednesday, 6 November 2024 at 1pm on-site.

David Ferreri said the versatility aspects the asset provides has brought substantial demand ahead of the auction.

The asset stands as one of the final remaining development parcels in Wetherill Park, making this a truly rare property now available to the market.

The scarcity of available land and development  parcels in Wetherill Park combined with its strategic location, underscores the value and potential of the asset says David Ferreri. 

Such opportunities are increasingly hard to come by, especially in such a quiet, well-positioned street, making the opportunity highly desirable.

Supplying a Three (3) year Triple Net lease (with 1 year option) to Telstra Corporation Ltd, the site provides substantial holding income for any astute investor during the  planning stages of development.

Key highlights of this opportunity include:

• 1,382sqm of Industrial Land
• 3+1 Year Triple Net lease back to Telstra Corporation Ltd
• Zoned E4 - General Industrial flexible to a range of users
• One of last remaining development parcels in region

David Ferreri says the enquiry level for the asset is particularly strong and anticipates there being a significant turnout of interested parties on the day.

Related readings

Recent transactions by David Ferreri of Coutts highlight continued demand for quality industrial space