Colliers’ Michael Crombie and Jackson Wray have the exclusive listing on behalf of Dick Smith Investments for an almost 4048 sqm site with a 2344 sqm building in South Sydney.
It says this meticulously maintained two-storey commercial building at 52-60 Kent Road in Mascot will appeal to a broad range of investors.
“This represents a price point that the majority of people can afford, and ticks so many boxes from a real estate acquisition perspective,” explains Michael.
“With absolute flexibility relating to the zoning, this allows industrial strata, traditional warehouse, office, self-storage, and the list goes on.”
Colliers notes the building offers a 1.2:1 gross floor area upon redevelopment or reconfiguration and accommodates various business opportunities given the property’s versatile layout.
Zoned E4 General Industrial, the building has a corner position with three street frontages and a flexible zoning allowing for commercial use.
“Benefitting from passive income generated by the asset and positioned at the apex of the $4 billion LOGOS’ development, this property becomes appealing to a wide range of potential buyers,” says Jackson.
“These buyers would have the opportunity to enjoy the advantages stemming from LOGOS’ substantial investment into the immediate area.”
The property generates a passive holding income with a height limit of 44 metres that provides ample room to move vertically. Additionally, there are 74 parking spaces catering to the needs of customers, visitors, and employees.
Providing immediate access to a range of amenities, the property is close to Mascot station, and has easy access to major motorways, the airport, and Port Botany.
52-60 Kent Road, Mascot is for sale via an Expression of Interest Campaign, closing Wednesday October 11 at 2pm (AEDT).
For more information on Colliers, click here.
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