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15 Britton Street
Smithfield NSW 2164
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Sold on 6 Sep 2023

15 Britton Street Smithfield NSW 2164

  • Factory, Warehouse & Industrial
  • 12,797 m²
  • Sold

LAND RICH INVESTMENT

  • Significant Rental Upside
  • Value Add Potential
  • Unlimited FSR and Height Controls

CBRE and Colliers are pleased to offer for sale 15 Britton Street, Smithfield forming part of The Diverse Nine Portfolio. The property is available for sale individually or in-one-line via an International Expressions of Interest campaign closing Thursday, 1st June 2023 at 4:00pm (AEST).

Key Highlights:
+ Strategic WALE of 0.8 year
+ Ability to capture significant rental upside in the short term
+ Value add potential with the ability to reposition existing improvements or full redevelopment
+ Low site coverage of 39% with a Total Site Area of 32,480 sqm
+ Significant 270m frontage to Britton Street
+ Large power supply with unlimited FSR and height controls, suited to multistorey logistics or data centre users
+ High underlying land value estimated at approximately 89% of the overall value
+ Food production and manufacturing facility across three freestanding buildings with a total GLA of 12,797 sqm
+ Secure Net Passing Income of $1,570,021 p.a. ($123/m²) (including forecast CPI rent review)
+ Net Market Income of $2,341,888 p.a. ($183/m²)
+ Leased to Snackbrands who manufacture chip products
+ 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

CBRE Western Sydney
CBRE Western Sydney
Level 4/10-14 Smith St
Parramatta, NSW 2150

Property Highlights

Date Sold6 Sep 2023
Floor Area12,797 m²
Land Area3.25 ha
ParkingOn site parking available
Property ID2018504822
Category
Last updated  29 Sep 2023
Map for 15 Britton Street Smithfield NSW 2164

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CBRE Western Sydney
CBRE Western Sydney
Level 4/10-14 Smith St
Parramatta, NSW 2150

Property Highlights

Date Sold6 Sep 2023
Floor Area12,797 m²
Land Area3.25 ha
ParkingOn site parking available
Property ID2018504822
Category
Last updated  29 Sep 2023

Co-Agents

Jason Edge
Jason Edge
CBRE Western Sydney
Call
0410 687 866
Elijah Shakir
Elijah Shakir
CBRE Western Sydney
Call
0404 102 274
Gavin Bishop
Gavin Bishop
Colliers International Sydney West
Call
+61 401 146 051
Sean Thomson
Colliers International Sydney West
Call
0418 943 452

More about 15 Britton Street Smithfield NSW 2164

15 Britton Street Smithfield NSW 2164 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 12,797 m² and a land area of 3.25 ha. The listing ID for this property is 2018504822.

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