22 Narabang Way,
Belrose, NSW 2085
Warehouse, Factory & Industrial
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
22 Narabang Way
Belrose, NSW 2085
Map of 22 Narabang Way
RARE SYDNEY URBAN INFILL INDUSTRIAL ESTATE
- Urban infill industrial estate
- Net passing income of $1,124,771 p.a.
- Improvements totaling 4,788m²
Colliers Industrial Capital Markets in conjunction with Upstate, on behalf of EG, are pleased to offer for sale 22 Narabang Way, Belrose, a fully leased multi-tenanted industrial estate, located within one of Sydney’s most tightly held commercial & industrial precincts, benefitting from multiple value-add opportunities and unlimited upside.
Underpinned by strong occupier demand and record low vacancy levels within the North Sydney market, the offering provides the following captivating features;
• Strategically located urban infill industrial estate, with a history of strong tenant retention and demand
• Fully leased net passing income of $1,124,771 ($235/m²) p.a. provided by seven high-quality tenants
• Assessed net market rental of $1,239,952 ($259/m²) p.a., providing significant rental growth and upside
• High-quality and versatile improvements totaling 4,788m², offering a range of flexible tenancy sizes
• Freehold land holding of 15,890m², governed by an astute Business Park (B7) Zoning
• Diverse WALE of 3.43 years (by income) providing both value-add potential and a secure income stream
• Immediate and future value add opportunities including increasing the WALE, resetting the leases to a market rate, or a stratum sell down of the individual units at a premium
• Infill industrial and logistics location, approximately 22 kilometres north of the Sydney CBD, future proofed to capture the rapid growth of e-commerce
22 Narabang Way, Belrose is being offered for sale via Expressions of Interest closing 12:00pm (AEDT) Friday, 11th March 2022.
Underpinned by strong occupier demand and record low vacancy levels within the North Sydney market, the offering provides the following captivating features;
• Strategically located urban infill industrial estate, with a history of strong tenant retention and demand
• Fully leased net passing income of $1,124,771 ($235/m²) p.a. provided by seven high-quality tenants
• Assessed net market rental of $1,239,952 ($259/m²) p.a., providing significant rental growth and upside
• High-quality and versatile improvements totaling 4,788m², offering a range of flexible tenancy sizes
• Freehold land holding of 15,890m², governed by an astute Business Park (B7) Zoning
• Diverse WALE of 3.43 years (by income) providing both value-add potential and a secure income stream
• Immediate and future value add opportunities including increasing the WALE, resetting the leases to a market rate, or a stratum sell down of the individual units at a premium
• Infill industrial and logistics location, approximately 22 kilometres north of the Sydney CBD, future proofed to capture the rapid growth of e-commerce
22 Narabang Way, Belrose is being offered for sale via Expressions of Interest closing 12:00pm (AEDT) Friday, 11th March 2022.
Property ID: 504007607Last Updated: 6 Aug 2022
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Upstate - Northern BeachesSuite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099
DEE WHY, NSW 2099
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