SOLD: The Minto Collection – extremely rare pairing of industrial assets in the booming precinct of Minto
30 September 2024Colliers is thrilled to announce the successful sale of the ‘Minto Collection’, a unique leaseback opportunity set across 2 buildings
The ‘Minto Collection’ – comprising of an extremely rare pairing of industrial assets in Minto, one of Sydney’s industrial growth corridors has been successfully sold by Angus Urquhart & Hamish Miles of Colliers Sydney South West after a four-week Expressions of Interest (EOI) campaign.
The subject properties – 3 & 13 Reaghs Farm Road, known as ‘The Minto Collection’ attracted significant interest from local and international owner-occupiers and privated investors and garnered over 140 enquiries, more than 30 inspections, 10 record-breaking bids, and successfully exceeding price guide expectations.
The campaign generated over 140 enquiries and more than 30 inspections, with both properties attracting significant interest from local and international owner-occupiers and private investors, ultimately exceeding price expectations.
According to Urquhart and Miles, successful buyers were drawn to both properties’ strong NET yield, quality building fundamentals, and solid tenant covenant. But ultimately, it was the guaranteed attractive yield and competitive price point that sealed the deal and the rare opportunity to secure two fully leased assets.
“The Minto Collection presented an excellent opportunity for investors to secure two separate fully leased investments. The properties are situated in the booming Minto industrial precinct and provide absolute certainty in return at an attractive yield and price point that the South West market hasn’t seen for some time – an opportunity so rare, it cannot be missed.” Mr Urquhart said.
Furthermore, exceptional access to major arterial roads, intermodal facilities, and proximity to critical infrastructures like Port Botany and Sydney Kingsford Smith Airport, facilitates logistics solutions, further enhancing the properties’ appeal.
“Excellent access to major arterial roads such as the M5 & M7 Highways and Hume Motorway, and significant infrastructures such as the Minto Intermodal, Moorebank Intermodal, Port Botany, and Sydney Kingsford Smith Airports, ensure smooth operations. This further increases the appeal of the assets,” Mr Miles added.
With a total NET return of $854,280 set across 4,068sqm of total building area, the properties benefit by its tightly held availability surrounded by expansive residential catchment areas. Within a concise 30-minute direct drive radius, the property connects with a substantial 391,200 households, while a broader 60-minute drive extends its reach to an impressive 1,600,000 households rendering Ingleburn an exceedingly desirable area.
Moreover, the successful buyers are guaranteed to capitalise on the government’s significant developments in the Minto and South West industrial market.
“The Minto and South West industrial market will benefit from the Government’s strategic investment in major infrastructure projects, estimated at $250 billion in the next 5 years. This includes Charter Hall’s development at 149-155 Airds Road, Minto with a recent pre-commitment from Volvo & ESR’s site at 50 Airds Road, Minto proving the demand and belief in the Minto industrial market to service the growing South West market,” Mr Urquhart said.
The successful sale of The Minto Collection further underscores the dominance of Colliers, further cementing their position as a market leader in Sydney South west.