A prime 4,205sqm Logistics Centre directly opposite Port Botany container terminal with development upside is being sold via an Expressions of Interest campaign (EOI) ending on the 9th June, 2022 at 4pm (AEST).
Colliers’ Michael Crombie, Trent Gallagher and Angus Urquhart have been appointed to sell 46 McCauley Street, Matraville on behalf of a private vendor. Agents expect the property to attract circa $14 million.
The property is a unique opportunity to acquire one of the last remaining lots of land in the South Sydney region above 4,000sqm, whilst boasting immediate access to Port Botany and Sydney Airport. The property is leased out to established freight tenant Arrow Transport and offers developers, investors or owner occupiers the chance to purchaser a corner block of land with major potential.
“The South Sydney market continues to be one of the best-performing commercial markets in the country over the past two years,” Mr Urquhart said. “This is mainly due to major infrastructure upgrades, a lack of developable land and high levels of demand from occupiers looking for central accommodation”.
“Land opportunities are extremely hard to come by in the South Sydney and as a result there has been a significant increase in land values. This has led to the rise of multi-level warehousing and is boosted by the demand from occupiers seeking to be close to the CBD, Port Botany and Sydney Airport” Added Mr Gallagher.
“Average land rates are around $3,225 per sqm in South Sydney. Logistics yields in South Sydney have compressed by almost 250 basis points in the past 5 years. South Sydney vacancy rates are currently below 1.50 per cent” Mr Crombie said.