CPG is excited to present to the market for the first time in 30 years, 16-28 Production Avenue, Kogarah. This offering is unique and a once-in-a-lifetime opportunity to secure, not only as an entirety, but an opportunity to also purchase as separate titles.
Offered as eight separate titles, the assets provide a total land area of 4,038m² and total building area of 3,621m². Seven tenants are currently enjoying occupancy over these titles with annual rental revenue of $487,385.24 pa + GST being generated. Huge benefit off-street parking with 36 car spaces as well as ample concrete hardstand for containing and truck deliveries.
Zoned IN2 Light Industrial under Bayside Council the zoning allows for a variety of uses, mainly industry related. The property also benefits from an extensive Development Approval obtained by the Vendors for a significant multi-level industrial development providing 66 units plus basement carpark.
Kogarah is a highly sought-after industrial/business area as opportunity for industry to be positioned within a prime geographical location has been challenged over the years with much of the re-zoning and development of residential high rise. Production Avenue is a one-way road that connects to Phillips Road and Garrigarrang Avenue both with traffic lights, allowing access onto Rocky Point Road traveling either direction. The property is located opposite Scarborough Park playing fields and its amenities and significant public parking. Behind the property is Ramsgate Park, the former Darrell Lea Chocolate site which was developed into 534 residential apartments and terraces.
Location can't be underestimated, with proximity to all major hubs within moments being Kogarah CBD, Private and Public Hospitals, Brighton-Le-Sands, Princes Highway, M8 Stage 1, M5 along with Port Botany and Sydney Airport. 16-28 Production Avenue is arguably one of the most convenient business precincts in Southern Sydney.
The assets are being sold by Expressions of Interest closing Friday 30th September 2022 at 4pm. Information packages and contracts for sale are available upon request.
Summary of Offering:
– 16-28 Production Avenue, Kogarah
Land: 4,038m²
Building: 3,621m²
Individual Offerings:
-16-18 Production Avenue, Kogarah
Land Area: 1,175.3m²
Building Area: 1,003m²
-20-22 Production Avenue, Kogarah
Land Area: 1,185.2m²
Building Area: 1,100m²
-24 Production Avenue, Kogarah
Land Area: 559.2m²
Building Area: 482.50sqm
-26 Production Avenue, Kogarah
Land Area: 484.20m²
Building Area: 501m²
-1/28 Production Avenue, Kogarah (strata titled with land area of 633.8m²)
Area: 270m²
-2/28 Production Avenue, Kogarah (strata titled with land area of 633.8m²)
Area: 265m²
To obtain further information or to arrange an inspection, please contact the exclusively appointed selling agents, Commercial Property Group.
Ryan McMahon
0429 228 460
Damen Astey
0431 817 616
Hayden Bennett
0477 665 455
*All figures are approximate
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