- For sale
For SaleDeadline Private Treaty 7th Jun 2022 16:00:00 (Unless sold prior)
Colliers International are proud to exclusively present this first-class industrial investment to the market for sale by Deadline Private Treaty closing 7th June 2022 (unless sold prior)
33A William Pickering Drive is one the most high profile industrial buildings in Rosedale, occupying a massive frontage on the corner of William Pickering Dr and Douglas Alexander Parade.
The functional 755 sqm asset ticks every box, including a high warehouse ratio of 82%, ample parking / container drop area, “A” Grade IEP, road front exposure and a high 7m stud clear span warehouse – this truly is a trophy asset in a highly sought after location.
Currently returning $141,310 pa net, the current lease runs till April 2023, with 2 further 5 year renewals. The sitting tenant has advised they are nearing capacity – occupiers & investors should both consider.
The building comprises of a 620 sqm warehouse, 78 sqm ground floor showroom, 57 sqm first floor office, plus a large number of designated onsite carparks. With land prices and build costs having escalated to current levels, it is rare to find a building with these sought after ratios!
The area is underpinned by record low vacancy rates, and easy motorway access to both the Northern and Western Motorway links.
Call the Sole Agents to view, or receive an Information Memorandum.
Matt Prentice 021 464 904 l Janet Marshall 021 684 775
Ref #: 20972391