Colliers are thrilled to bring to market for sale units 1 & 2, 64-66 Burrows Road, Alexandria via Expressions of Interest closing on Thursday 20th of October 2022 AT 3:00pm (AEST) unless sold prior.

This is a rare opportunity to secure two adjoining classic industrial warehouse units in the heart of Alexandria’s prized IN1- General Industrial precinct.

OPTION 1: PURCHASE BOTH UNITS 1 & 2

Combined units’ area breakdown:

Warehouse: 2,019m²*
Office: 292m²*
Total building area: 2,311m²*
Parking: 17 x Parking Spaces

This gives you an opportunity to purchase 2 out of the 4 units within the estate meaning you have 51%-unit entitlement of the entire estate which is 5,570m²*

UNIT 1: short term tenancy until May 2023 generating $37,595 gross + GST per month – ($451,150 Gross Annually) – this gives an owner occupier the ability to purchase as a going concern with the ability to occupy within 7 months’ time.

UNIT 2: ASX listed tenant (Coventry Group Pty Ltd) who are 3 years into a 5-year term, there is also a 5-year option with a market rent review. This unit is generating $322,400 Gross + GST PA currently.

Current combined income of $773,550 Gross + GST (for units 1 & 2)

OPTION 2: PURCHASE UNIT 1

Area breakdown as follows:

Warehouse: 1,127m²*
Office: 162m²*
Total building area: 1,289m²*
Parking: 9 x spaces

This unit is perfectly suited for an owner occupier as there is a short-term tenancy from K25 Productions paying $350 gross per SQM until the 1st of May 2023 – post this an occupier can move in and commence business.
It will be sold as a going concern.

OPTION 3: PURCHASE UNIT 2

Area Breakdown as follows:

Warehouse: 892 SQM
Office: 130 SQM
Total building area: 1,022 SQM
Parking: 8 x spaces

This is a classic industrial investment with an ASX listed tenant who are extremely established within the space. Coventry group have 2 years remaining on their lease with another 5-year option (market rent review at the option) – the industrial vacancy rate in Sydney is currently 0.2% and the demand from industrial tenants has never been higher in a constantly shrinking market.

This estate sits in one of only two streets in the entire Alexandria precinct that are IN1- General Industrial meaning the majority of Industrial heavy users can operate without issues.
Don’t miss this opportunity to secure two bullet proof Industrial assets with multiple opportunities.

KEY FEATURES:

- High clearance/clear span warehouse units with a 7.6m clearance
- Highly functional industrial warehouse units suitable for any industrial user
- ASX listed Tenant + short term income ($773,550 Gross + GST PA)
- Unit (1) - purchase with a short term tenancy as a going concern with the ability to move in and occupy within 7 months time.
- Unit (2) - purchase as a bullet proof industrial investment with an ASX listed company and guaranteed rental growth.
- Ability to purchase 51% of a prime industrial estate in Alexandria’s IN1- general Industrial precinct.
- Combined 17 parking spaces
- Heavy vehicle + container access to the estate and both individual units
- Well-appointed office space with the ability to house a substantial level of staff
- Appealing to owner occupiers and investors alike


*Areas and outlines are approximate


For further information or to arrange an inspection, please contact the exclusive listing agents.

Nick Mallett
Nick.Mallett@colliers.com
0410 807 877