CBRE is pleased to exclusively offer for sale 250 Victoria Street, Wetherill Park. This asset represents a rare opportunity to acquire an infill site with short term income offering future development potential (STCA).
Key highlights include:
- Substantial land holding of 8.62 hectares
- High exposure site with multiple frontages to Victoria and Redfern Streets
- Flexible site with future redevelopment upside (STCA)
- Short term holding income of 0.7 years (as at 1 October 2024) plus a 6 month option
- Absolute core last mile location within proximity to large residential catchments
- Zoned E4 General Industrial
- Tightly held and land constrained Metro West precinct
- Excellent access to surrounding major road networks including Cumberland Highway, Prospect Highway, M4 and the M7
- Leased to Manheim Pty Limited, generating a gross passing income of $3,010,000 pa
- Development application for the construction of a temperature-controlled warehouse and distribution facility of 70,128 sqm
- The site has been recognised as suitable for data centre development*
The property is offered for sale via an Expressions of Interest closing Thursday 31st October 2024 at 4:00pm AEDT (subject to change, pending Power application).
*HDR Data Centre Due Diligence Report 20 Sept 2024
all figures approx.