22 Narabang Way, Belrose

* Urban infill industrial estate
* Net passing income of $1,124,771 p.a.
* Improvements totaling 4,788m²
* Total land area: 15,890m²

Upstate in conjunction with Colliers Industrial Capital Markets, 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.

For more information or to arrange an inspection contact Vincent West 0403 444 000 or Oliver Rosati 0428 877 888.