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63 Britton Street
Smithfield NSW 2164
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Sold on 7 Nov 2023

63 Britton Street Smithfield NSW 2164

  • Factory, Warehouse & Industrial
  • 7,101 m²
  • Sold

VALUE ADD OPPORTUNITY

  • Short Term Holding Income
  • Multiple Value Add Strategies
  • Low Site Coverage

CBRE and Colliers are pleased to offer for sale 63 Britton Street, Smithfield. The property is available for sale via an Expressions of Interest campaign closing Wednesday, 16th August 2023 at 4:00pm (AEST).

Key Highlights:
+ Short term WALE of 0.5 years (with no options)
+ Ability to obtain vacant possession in February 2024, providing unlimited value-add potential for owner occupiers or investors
+ Low site coverage of 38% with a Total Site Area of 18,900 m²
+ Strategic value add asset with the ability to expand the existing improvements
+ High underlying land value estimated at almost 100% of the overall value
+ Highly functional modern logistics asset with a total GLA of 7,101 m²
+ Leased to national logistics covenant Computertrans Group Pty Ltd, generating a secure Net Passing Income of $890,024 p.a. ($125/m²)
+ Significant rental uplift potential with the Net Market Income of $1,890,755 p.a. ($266/m²)
+ 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 Sold7 Nov 2023
Floor Area7,101 m²
Land Area1.89 ha
ParkingOn site parking available
Property ID2018504823
Category
Last updated  7 Dec 2023
Map for 63 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 Sold7 Nov 2023
Floor Area7,101 m²
Land Area1.89 ha
ParkingOn site parking available
Property ID2018504823
Category
Last updated  7 Dec 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 63 Britton Street Smithfield NSW 2164

63 Britton Street Smithfield NSW 2164 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 7,101 m² and a land area of 1.89 ha. The listing ID for this property is 2018504823.

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