A premium infill industrial holding of 35,200sqm has come to market in one of Australia’s best performing land constrained markets.
Underpinned by historically low vacancy rates and demand from occupiers, the property at 20 Kelso Crescent in Moorebank is offered with a 12-month leaseback to a well-known ASX top 200 company and possesses significant redevelopment fundamentals with a favourable FSR and height controls of 30m.
The property is exclusively listed with Adrian Balderston, Fab Dalfonso, David Hall and Sean Thomson of Colliers.
Moorebank is one of Australia’s most sought-after industrial suburbs. It is located right on the M5 Motorway in Sydney, with two entry/exits from Heathcote Road and Moorebank Ave, 30km by road to Port Botany and with 60 per cent of Sydney’s population within a 30-minute drive. Moorebank Intermodal is the largest intermodal in Australia, with direct freight rail to Port Botany,” Mr Balderston said.
“Zoned IN1 General Industrial, the site is highly suitable for redevelopment into a prime multi-level logistic facility, data centre or premium temperature controlled facility.”
Colliers’ research shows vacancy rates in southwest Sydney are at record lows of 0.1 per cent, with rental growth recorded at 17.4 per cent year-on-year, which is outperforming many other markets.
“With South West Sydney’s vacancy rate being 0.1 per cent and with very high tenant demand, we are currently seeing rental growth of 30 per cent to 50 per cent,” Mr Dalfonso said.
The regular shaped allotment comes with two street frontages, high power and impressive connectivity to major infrastructure, including the M5 and M7 Motorways and Moorebank Intermodal.
20 Kelso Crescent, Moorebank is offered for sale via Expressions of Interest closing Thursday, 15th September 2022 at 4:00pm (AEST).
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