Colliers Industrial & Logistics Capital Markets are pleased to present to the market for sale 247 King Street, Mascot, offering a generational opportunity to acquire a core plus investment or flexible redevelopment land holding, ideally positioned in one of the most tightly held institutional-grade markets of Australia.

The asset is offered with a very shot WALE allowing for multiple buyer types which includes Owner Occupiers, Developers and Investors.

Key Investment Highlights:

- Substantial 13,684m² E3 Productivity Support zoned land
- Favourable planning controls of 3:1 FSR and 22 metre height limit, allowing for a potential 41,052m² of GFA (STCA)
- Short WALE (by income) of 0.26 years provides immediate access to value uplift including core plus or value-add opportunities
-Highly functional building improvements of 10,536m², including office, warehousing, and car parking accommodation
- Net passing income of $1,930,280 ($189/m²) per annum, assessed below market levels.
-Assessed net market income of $4,388,540 ($417/m²) per annum, providing a 127% value uplift on current levels.
- Within immediate proximity to a large residential catchment proving beneficial for e-commerce users and active purchasers with a last mile strategies
- Strategically positioned within Mascot’s commercial precinct with excellent connectivity to Sydney Airport, Port Botany and South Sydney’s key arterial roads and motorways
- Diverse appeal to a large cross-section of potential purchasers supporting a higher order sell-down in the future

All figures are approximate.

247 King Street, Mascot will be offered for sale via an international expressions of interest campaign closing 12:00 pm (AEST) Friday, 19th April 2024.