Australian industrial and logistics property is currently the most sought-after asset class among a large share of private investors and mini industrial warehouses are providing a new opportunity to acquire multi-level industrial developments.
Mini industrial warehouses provide an opportunity for investors to acquire intelligently designed multi-level industrial developments with high rental returns and low vacancy rates.
Edward McFarland and Trent Gallagher of Colliers International are marketing 20 industrial units at 60-62 Alexander avenue, Taren Point in the Sutherland Shire, with prices staring from $600,000 each.
The units range from 100-172 sqm and are an opportunity for property investors and owner occupiers to acquire single or multiple industrial properties for their business.
“We believe this estate will be in high demand from for local investors as well as owner occupiers,” said Edward McFarland, Associate Director, Property Sales and Leasing at Colliers International.
“Investors will be drawn to the strong capital growth predicted for the industrial sector and demand for quality space while owner occupiers will appreciate the versatile usage options associated with this industrial development,
“These industrial warehouses feature a small office with allocated car spaces perfect for small businesses, trade workers, logistic providers and ideal for a creative workspace, and any entry level investors or owner occupier.”
The Colliers International Industrial and Logistics Market update for Q2 found that there has been a rapid shift to online retail sales with a growth of 31.9 per cent in the year to June 2020, up from 13.6 per cent in January.
By proportion, online retail accounted for 9.7 per cent of total retail sales in June compared to 6.2 per cent a year ago.