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60-66 Perry Street & 1 Kelly Street, Matraville, NSW, 2036
Matraville
Colliers and the Agency are pleased to present to the market for sale 60-66 Perry Street & 1 Kelly Street, Matraville, offering an extremely rare opportunity to secure a value-add investment or flexible redevelopment opportunity, strategically positioned within Australia’s most tightly held industrial market.
The asset is offered with a short WALE catering for a wide range of potential buyers, including Owner Occupiers, Developers and Investors.
Key Investment Highlights:
- Significant infill industrial land holding providing 16,326m² of land and 9,838m² of Gross Lettable Area within the South Sydney industrial market.
- Strategic staggered WALE of 3.26 years (by income) as at 1 July 2024 offering immediate access to rental reversion upside and the ability to implement value-add initiatives.
- Gross passing income of $1,577,034 ($160/m²) per annum, assessed below market levels.
- Assessed net market income of $2,618,055 ($266/m²) per annum, providing significant rental uplift from current levels.
- Diverse appeal to a large cross-section of potential purchasers including core plus and value-add investors, industrial developers, strata developers and self-storage operators.
- Vacant 506m² block of land at 1 Kelly Street ready to develop.
- Significant South Sydney industrial rental growth forecasts of 11.5% over 2024, supporting sound investment fundamentals and strong underwriting prospects.
- Highly functional building improvements with the ability to re-lease in its current state or implement a range of value-add initiatives.
- Flexible E4 General Industrial zoning offering multiple potential development outcomes with a 1:1 FSR and an unlimited height limit, allowing for a potential 16,326m² of GFA.
All figures are approximate.
60-66 Perry Street and 1 Kelly Street, Matraville is offered for sale via an International Expressions of Interest (EOI) campaign closing 3:00 pm (AEST) Wednesday 12th of June 2024.
Remember to mention you found this property on DevelopmentReady
Colliers and the Agency are pleased to present to the market for sale 60-66 Perry Street & 1 Kelly Street, Matraville, offering an extremely rare opportunity to secure a value-add investment or flexible redevelopment opportunity, strategically positioned within Australia’s most tightly held industrial market.
The asset is offered with a short WALE catering for a wide range of potential buyers, including Owner Occupiers, Developers and Investors.
Key Investment Highlights:
- Significant infill industrial land holding providing 16,326m² of land and 9,838m² of Gross Lettable Area within the South Sydney industrial market.
- Strategic staggered WALE of 3.26 years (by income) as at 1 July 2024 offering immediate access to rental reversion upside and the ability to implement value-add initiatives.
- Gross passing income of $1,577,034 ($160/m²) per annum, assessed below market levels.
- Assessed net market income of $2,618,055 ($266/m²) per annum, providing significant rental uplift from current levels.
- Diverse appeal to a large cross-section of potential purchasers including core plus and value-add investors, industrial developers, strata developers and self-storage operators.
- Vacant 506m² block of land at 1 Kelly Street ready to develop.
- Significant South Sydney industrial rental growth forecasts of 11.5% over 2024, supporting sound investment fundamentals and strong underwriting prospects.
- Highly functional building improvements with the ability to re-lease in its current state or implement a range of value-add initiatives.
- Flexible E4 General Industrial zoning offering multiple potential development outcomes with a 1:1 FSR and an unlimited height limit, allowing for a potential 16,326m² of GFA.
All figures are approximate.
60-66 Perry Street and 1 Kelly Street, Matraville is offered for sale via an International Expressions of Interest (EOI) campaign closing 3:00 pm (AEST) Wednesday 12th of June 2024.
Remember to mention you found this property on DevelopmentReady
60-66 Perry Street & 1 Kelly Street, Matraville, NSW, 2036
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.
Estimated Purchase Price:*
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
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Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.
Estimated Purchase Price:*
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
