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Truly Spectacular Newly Refurbished Industrial Workspace

192-200 Euston Road Alexandria

For Sale EOI Closing Tuesday 2nd July 2024
22  

This presents a rare opportunity to capitalise on this prime 2,922m²* workspace within the heart of Alexandria.

The property is a highly functional, newly refurbished freestanding building featuring impressive warehouse, showroom, and office accommodation along with 22 secure car spaces and bike parking.

The vendor is able to offer flexibility in this offering to be sold as a tenanted investment or vacant possession in part or majority.

Key Property Highlights:
Versatile modern industrial workspace with a total GLA of 2,535m² throughout a newly refurbished industrial workspace. Vacant possession can be provided in part or majority. Fully leased investment with strategic short WALE of 1.52 years (by income) as at 1 July 2024, offering immediate access to rental reversion upside. Net passing income of $1,019,863* ($402.31/m²) per annum, assessed below market levels. Assessed net market income of $450/m² net, $1,140,750 per annum net providing significant rental uplift from current levels. Strong tenant covenant underpinned by well-known, long-established brands. Situated in Alexandria's vibrant 'Golden Triangle', this property enjoys proximity to Sydney's CBD and major transport hubs, ensuring long-term viability. Substantial street exposure of 76 metres to Euston Road with ample on-site parking. Immediate access to the M8 Motorway 4 minute drive to Rail
192- 200 Euston Road, Alexandria is offered for sale via an Expressions of Interest (EOI) campaign closing 4:00 pm Tuesday 2nd July, 2024 (AEST).
For further information or to arrange an inspection please contact one of the appointed agents.

All figures are approximate.

For Sale

Price Guide

EOI Closing Tuesday 2nd July 2024

Property Type

Industrial/Warehouse

Facilities

22  

Land area approx

1,077sqm

Floor area approx

2,535sqm

Inspection Details

Please contact Marcus Schraag to arrange an appointment.

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