Newly refurbished creative precinct a premium investment opportunity

1 July 2024

The property features a warehouse, showroom and office accommodation as well as 22 secure parking spaces.

A versatile modern industrial workspace in a vibrant part of Sydney’s inner west has come to market.

With a total 2,922sqm of GLA, the property at 192-200 Euston Road in Alexandria is a highly functional, newly refurbished freestanding building featuring an impressive warehouse, showroom and office accommodation as well as 22 secure parking spaces.

The property is listed with the Colliers team of Michael Crombie and Jackson Wray, in conjunction with Daniel O’Brien and Marcus Schraag of X Commercial, with price expectations of $25 million.

“The moment you enter the space, you can appreciate the hard work and creative thought that has gone into the development. I love the fact that an owner occupier can acquire this building, and occupy part or all over time, whilst holding some good income on the way through,” Mr Crombie said.

“With very limited options available and high owner occupier demand, we expect to see a high level of enquiry from a broad array of interest parties,” Mr Wray added.

“Rarely do we see sites that tick all the boxes being in brand new condition, location, exposure, suitable for occupiers or investors and the list goes on. It will represent a significant sale in South Sydney this year,” Mr Schraag added.

Fully leased with a strategic short WALE of 1.52 years (by income), the vendor is able to offer flexibility in this offering to be sold as a tenanted investment or vacant possession in part or majority.

With substantial street exposure of 76m to Euston Road, the property is in Alexandria’s ‘Golden Triangle’ and enjoys proximity to Sydney’s CBD and major transport hubs.

192-200 Euston Road in Alexandria is for sale via an Expressions of Interest (EOI) campaign closing at 4:00 pm Tuesday 2nd July 2024 (AEST).