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