A significant opportunity to acquire a 15,080sqm site in one of Sydney’s most sought-after industrial precincts has come to market.
The property at 4 Benson Road in Ingleburn is ideal for a developer, with DA approval for 17 modern, high clearance industrial units providing sizes between 405sqm and 623sqm
Currently utilised as an automotive dismantling facility with scope to increase the size of the operation (STCA), the property has a circa 1,100sqm undercover area and approximately 9000sqm of concrete forecourt/access areas.
The site is listed with Colliers National Director Fab Dalfonso, in-conjunction with Rino Gazzera of Parkside Commercial.
“Rarely does a site of this size come to the market and it presents as an ideal owner occupier or developer opportunity,” Mr Dalfonso said. “The 19m building height limit allows the developer to construct over two levels, achieving a strong return on their investment.”
“We’ve seen a highly competitive industrial land market so far in 2022, largely due to a major shortage in supply and strong owner occupier and developer demand,” Mr Gazzera added.
Zoned IN1 General Industrial, the property’s location close to the M5 Motorway provides easy access to nearby regions of Sydney.
Approximately $520 million has traded within the Sydney industrial and logistics market in Q1 2022 and follows the $4.7 billion sold in 2021.
Demand over the quarter was broadly spread across the Western Sydney submarkets, albeit with the Outer West and Southwest being the most active. Vacancy rates have continued to fall off the back of recent leasing activity and measure 1.5 per cent as of Q1 2022, down from 1.9 per cent in Q4 2021.
4 Benson Road, Ingleburn is offered for sale via an Expressions of Interest campaign closing Wednesday June, 1 at 3pm (AEST).