JLL as the exclusive selling agent, is pleased to offer 26 Smith Street For Sale by way of International Expressions of Interest closing 11 April 2024 at 3pm (AEST).
This is an exceptionally rare and valuable opportunity to acquire a well-constructed 5-storey building set on an underdeveloped site within Sydney's coveted Lower North Shore.
This unique property possesses remarkable design features that allow for a variety of value-add options and leasing strategies supported by a flexible E4 - General Industrial zoning which accommodates a diverse range of occupiers and businesses.
Property Highlights include:
Situated on an irreplaceable 5,644 sqm* land holding, representing 1 of only 6 freehold land holdings above 5,000 sqm in Chatswood.^
Favourable and flexible E4 General Industrial zoning allowing for an abundance of alternate uses.
Significant development potential with an uplifted FSR of 2:1 providing development upside yielding up to 11,288 sqm* of potential GFA (STCA).
Extensive optionality available and perfectly positioned to be occupied, value added, re-positioned or re-developed to other uses such as; self-storage, data centre, strata industrial, distribution centre or pharmaceutical (STCA).
Desirable building attributes featuring an exceptionally well-constructed 5-storey building totalling 5,629.2 sqm* of existing GLA, with expansive floorplates and ceiling heights ranging from 4.5m 7m*.
2.0-star NABERS Energy Rating
Highly accessible location benefiting from seamless connectivity across Greater Sydney via major arterial roads M2 Motorway, M1 Motorway, Pacific Highway, Eastern Valley Way.
Prominently located in burgeoning and land constrained Chatswood suburb of the Lower North Shore, considered a key growth location in Sydney.
Strategically positioned in the established and highly sought after Chatswood East industrial precinct which is home to major institutions in a diverse range of industries such as; Bunnings Warehouse, Woolworths, Tesla, Kennards Self Storage, Storage King and Anaconda.
Capitalise on the quality existing improvements and fit out to generate a short or long term income stream.
The industrial sector is poised for continued growth, underpinned by unprecedented occupier demand, surge in rents, low vacancies and severe undersupply in core Sydney metropolitan locations.
* Approximate
^ Excl. strata titled, shopping centres and high-rise properties
26 Smith Street, Chatswood is For Sale by International Expression of Interest closing 11 April 2024 at 3pm (AEDT).
All enquiries, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.
