Minchinbury

Project Description

The property is situated on the Great Western Highway, some 34 kilometres west of the Sydney CBD, in a developing bulky goods/light industrial area. The immediate locality is principally residential in nature, however the surrounding area has vacant land together with buildings used for light industry and bulky goods retailing. The Great Western Highway is a major arterial which carries significant volumes of traffic past the subject and adjoining properties. In March 2015 a significant upgrade of the warehouse was complete at a cost of $8,576,000. As a result of the upgrade a new 12 year lease was agreed at a commencing rent of $2.71m. Major commercial centres in the area are at Blacktown, Mt Druitt and Penrith. Public transport in the area is provided by way of private bus service and the closest rail station is situated two kilometres to the north of the property.

Land area

36,640 m²

The total GLA/retail area

16,557 m²

Lease Commencement Date

31/12/1998

Total Property Cost

$23,050,848

Current valuation

$52,700,000

Annual Rent

$2,900,607

Project Location

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