118-124 Bourke Road, Alexandria, NSW 2015

Colliers, in conjunction with CBRE, as exclusive selling agents, are pleased to introduce 118-124 Bourke Road, Alexandria to the market for sale. This property presents an exceptional opportunity to acquire a flexible core and core plus investment strategically located in the highly coveted Alexandria industrial market, underpinned by blue-chip tenant covenants, mainly Tesla Motors and Seven Network.

Situated on a substantial 12,530m² land parcel, the property features high-quality and versatile building improvements totalling 9,909m². Its prime location offers unparalleled access to key Sydney transport infrastructure, including Sydney Kingsford Smith Airport, Port Botany, and the WestConnex Motorway.

Key Investment Highlights:

- Exceptional investment opportunity to secure a modern 9,909m² freehold building within the heart of southern Alexandria.
- Impressive 12,530m² landholding within one of Australia’s most coveted precincts.
- Unparalleled proximity to key Sydney transport infrastructure, including the Sydney Kingsford Smith Airport, Port Botany, the WestConnex Motorway as well as the M1 and M5 Motorways.
- Attractive WALE (by income) of 4.2 years, providing a strong running yield and stable returns.
- Net passing income of $2,463,629 ($249/m²) per annum, underpinned by blue-chip tenant covenants.
- Assessed net market income of $4,310,198 ($435/m²) per annum, representing a 75% uplift from current levels.

All figures are approximate.

118-124 Bourke Road, Alexandria is offered for sale via an International Expressions of Interest (EOI) campaign closing at 3:00pm (AEST) Tuesday, 1st October 2024.