CBRE is pleased to exclusively offer for sale 250 Victoria Street, Wetherill Park. This asset represents a rare opportunity to acquire an infill site with short term income offering future development potential (STCA). Key highlights include: - Substantial land holding of 8.62 hectares - High exposure site with multiple frontages to Victoria and Redfern Streets - Flexible site with future redevelopment upside (STCA) - Short term holding income of 0.7 years (as at 1 October 2024) plus a 6 month option - Absolute core last mile location within proximity to large residential catchments - Zoned E4 General Industrial - Tightly held and land constrained Metro West precinct - Excellent access to surrounding major road networks including Cumberland Highway, Prospect Highway, M4 and the M7 - Leased to Manheim Pty Limited, generating a gross passing income of $3,010,000 pa - Development application for the construction of a temperature-controlled warehouse and distribution facility of 70,128 sqm - The site has been recognised as suitable for data centre development* The property is offered for sale via an Expressions of Interest closing Thursday 31st October 2024 at 4:00pm AEDT (subject to change, pending Power application). *HDR Data Centre Due Diligence Report 20 Sept 2024 all figures approx.
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