Scarce supply to spur high interest in South West Sydney industrial facility28 March 2023
Incredibly high demand for industrial property in Sydney’s South West is set to draw buyers to a significant 15,430sqm property in Minto.
Ideal for occupiers seeking surplus yard storage, the functional 3,360sqm freestanding facility at 5 Montore Road provides the opportunity for value-add and development upside, with flexibility to completely redevelop or add to the existing property.
Consisting of a warehouse and office, the property is positioned in one of South West Sydney’s most sought-after industrial and logistics precincts and is zoned IN1 General Industrial under Campbelltown City Council.
It is listed with the Colliers team of John Tsoutsa and Adrian Balderston, on behalf of the vendor RUS Holdings Australia.
“Properties with value-add opportunities within Sydney are in high demand and this site provides buyers with flexibility and options for the future due to its low 15 per cent site coverage,” Mr Tsoutsa said.
“The property is ideal for any owner occupiers seeking a functional industrial facility with surplus yard space or developers in the market for their next project.” Mr Balderston added.
The facility is accessed via four roller shutter doors, has an internal height clearance of up to 8m and is partially serviced by a five-tonne overhead gantry crane.
Demand has remained high for industrial properties in Sydney’s South West, as occupiers seek to meet business requirements. Pricing in particular has remained firm in the face of rising interest rates as demand continues to outstrip supply.
In Q4 2022, approximately $900 million worth of industrial property traded in Sydney and a total of $3.3 billion throughout 2022, Colliers research shows.
5 Montore Road, Minto is for sale via an expressions of interest campaign closing Tuesday, 2nd May 2023 at 3:00pm (AEST).