Expressions of Interest closing on Thursday 9th October at 2pm.

Property attributes:
- Freehold office and warehouse facility for sale
- Prime Princes Highway profile and exposure with corner location
- Adjoining Ikea
- Close to rail
- Suitable for the owner occupier, with part of the facility vacant today
- A solid land bank for the investor
- Superior opportunity for the developer to maximise the low site coverage
- DA approved as a Bulky Goods Centre
- Office and Warehouse A is currently leased till July 2018 + 5 year option
- Redevelopment clause in place for this tenant with 15 months’ notice to vacate
- 5,225m² of high clearance warehouse racked and ready to occupy
- 9 x Roller door access points
- Raised and level docks
- Fully sprinklered
- Huge undercover loading area
- Ample parking
- Large yard area
- Dual street access/ corner location

Office + Amenities: 4,505m²
Warehouse A: 3,447m²
Warehouse B: 5,225m²
Total building area: 13,177m²
Awning: 1,003
Site area: 20,400m²


Location
The subject property is located on the north eastern corner at the intersection of Princes Highway and Smith Street, approximately 1.5 kilometres metres south of Princes Highway’s intersection with Canal Road. The subject property is located approximately 9 kilometres south of the Sydney CBD within the mixed use suburb of Tempe.

The site is located adjoining, and to the South of Australia’s largest IKEA store of 39,000 sqm and one of only two IKEA stores currently located in Sydney.


Description
The site
750 Princes Highway is an overall impressive freehold property with superior street frontage and profile to Princes Highway on a site of 20,400m².

With 4,505m² of office and amenities over two levels fronting Princes Highway, and two large warehouses totalling 8,672m² of warehouse area. The total building area on this site is 13,177m².

Part of this site is leased to Pretty Girl fashion group till July 2018, with a 5 year option. There is however a redevelopment clause whereby the lessor can provide 15 months notice for this tenant to vacate.

In addition to this Warehouse B is currently vacant and consists of mostly high clearance warehouse that is fully racked and ready to occupy, consisting of 5,225m² of building area.

The site benefits from over 130 cars spaces and a large amount of yard/hardstand.



To the rear of the Princes Highway office areas is Warehouse A + B, as well as a large awning and open car park with over 132 car spaces and additional yard area. The site benefits from eight (8) allocated customer parking spaces at the front of the office building on Princes Highway. At the rear of the estate is a further 124 allocated car spaces. With a total of 132 allocated car spaces, depending on truck and parking requirements, there is enormous scope to greatly improve the number of car spaces on site.

For more information or to arrange an inspection contacts:

Michael Crombie
0412 903 0...
02 8337 2012
Michael.crombie@colliers.com

Or

James Wilson
0402 079 3...
02 9257 0251
james.wilson@colliers.com

Or

Tony Draper
0410 323 023
02 9840 0201
tony.draper@colliers.com