63 Britton Street,
Smithfield, NSW 2164
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Tenure type
Sold on
CBRE - Western Sydney
Level 4 10-14 Smith StreetPARRAMATTA, NSW 2150
63 Britton Street
Smithfield, NSW 2164
Map of 63 Britton Street
VALUE ADD OPPORTUNITY
- Short Term Holding Income
- Multiple Value Add Strategies
- Low Site Coverage
CBRE and Colliers are pleased to offer for sale 63 Britton Street, Smithfield. The property is available for sale via an Expressions of Interest campaign closing Wednesday, 16th August 2023 at 4:00pm (AEST).
Key Highlights:
+ Short term WALE of 0.5 years (with no options)
+ Ability to obtain vacant possession in February 2024, providing unlimited value-add potential for owner occupiers or investors
+ Low site coverage of 38% with a Total Site Area of 18,900 m²
+ Strategic value add asset with the ability to expand the existing improvements
+ High underlying land value estimated at almost 100% of the overall value
+ Highly functional modern logistics asset with a total GLA of 7,101 m²
+ Leased to national logistics covenant Computertrans Group Pty Ltd, generating a secure Net Passing Income of $890,024 p.a. ($125/m²)
+ Significant rental uplift potential with the Net Market Income of $1,890,755 p.a. ($266/m²)
+ Smithfield is one of Sydney’s strongest and most highly sought after institutional grade investment markets
For further information, please contact the selling agents.
*all figures approximate
Key Highlights:
+ Short term WALE of 0.5 years (with no options)
+ Ability to obtain vacant possession in February 2024, providing unlimited value-add potential for owner occupiers or investors
+ Low site coverage of 38% with a Total Site Area of 18,900 m²
+ Strategic value add asset with the ability to expand the existing improvements
+ High underlying land value estimated at almost 100% of the overall value
+ Highly functional modern logistics asset with a total GLA of 7,101 m²
+ Leased to national logistics covenant Computertrans Group Pty Ltd, generating a secure Net Passing Income of $890,024 p.a. ($125/m²)
+ Significant rental uplift potential with the Net Market Income of $1,890,755 p.a. ($266/m²)
+ Smithfield is one of Sydney’s strongest and most highly sought after institutional grade investment markets
For further information, please contact the selling agents.
*all figures approximate
Smithfield, 2164 demographic data
The median household income for Smithfield is $1,300, 37% lower than Greater Sydney's household income of $2,077. Smithfield has an older age profile compared to the rest of Greater Sydney (median age 38 vs 37). Property ownership data shows 48% of property owners in Smithfield have a mortgage.
13,160
Population
$1,300 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
CBRE - Western SydneyLevel 4 10-14 Smith Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
Colliers - Sydney West Level 50, 8 Parramatta Square, 10 Darcy Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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