CBRE is pleased to exclusively offer for sale 250 Victoria Street, Wetherill Park. This asset represents a rare opportunity to acquire an infill site with short term income offering future development potential (STCA).
Key highlights include:
- Substantial land holding of 8.62 hectares
- High exposure site with multiple frontages to Victoria and Redfern Streets
- Flexible site with future redevelopment upside (STCA)
- Short term holding income of 0.7 years (as at 1 October 2024) plus a 6 month option
- Absolute core last mile location within proximity to large residential catchments
- Zoned E4 General Industrial
- Tightly held and land constrained Metro West precinct
- Excellent access to surrounding major road networks including Cumberland Highway, Prospect Highway, M4 and the M7
- Leased to Manheim Pty Limited, generating a gross passing income of $3,010,000 pa
- Development application for the construction of a temperature-controlled warehouse and distribution facility of 70,128 sqm
- The site has been recognised as suitable for data centre development*
The property is offered for sale via an Expressions of Interest closing Thursday 31st October 2024 at 4:00pm AEDT (subject to change, pending Power application).
*HDR Data Centre Due Diligence Report 20 Sept 2024
all figures approx.
Remember to mention you found this property on DevelopmentReady
CBRE is pleased to exclusively offer for sale 250 Victoria Street, Wetherill Park. This asset represents a rare opportunity to acquire an infill site with short term income offering future development potential (STCA).
Key highlights include:
- Substantial land holding of 8.62 hectares
- High exposure site with multiple frontages to Victoria and Redfern Streets
- Flexible site with future redevelopment upside (STCA)
- Short term holding income of 0.7 years (as at 1 October 2024) plus a 6 month option
- Absolute core last mile location within proximity to large residential catchments
- Zoned E4 General Industrial
- Tightly held and land constrained Metro West precinct
- Excellent access to surrounding major road networks including Cumberland Highway, Prospect Highway, M4 and the M7
- Leased to Manheim Pty Limited, generating a gross passing income of $3,010,000 pa
- Development application for the construction of a temperature-controlled warehouse and distribution facility of 70,128 sqm
- The site has been recognised as suitable for data centre development*
The property is offered for sale via an Expressions of Interest closing Thursday 31st October 2024 at 4:00pm AEDT (subject to change, pending Power application).
*HDR Data Centre Due Diligence Report 20 Sept 2024
all figures approx.
Remember to mention you found this property on DevelopmentReady
Developments and amenities within a 5km radius of the asset.