CBRE are delighted to offer for sale, via expressions of interest, 25 Narabang Way, Belrose.
25 Narabang Way is located within the Austlink Corporate Park in the Northern Sydney suburb of Belrose. Austlink Corporate Park is a master-planned estate comprising a boutique mix of commercial, industrial and retail properties set amidst the backdrop of the national park. Major occupiers include Super Retail Group, Natures Care, Bunnings and Device Technologies to name just a few.
Developed in 2006, 25 Narabang Way is represented by 22 immaculate industrial/hi-tech units sitting upon a land parcel of 8,475sqm (approx). The development was originally constructed to house a distribution centre for Domayne/Harvey Norman and this tenancy remains in place and functioning. The balance of units are all traditional industrial and hi-tech units ranging from 90-800sqm (approx.) with mezzanine office spaces and parking.
The estate is offered with 88% occupancy and a current passing income of $1,190,155 (gross annual income excl GST). Domayne represent approximately 37% of the tenancy profile with the remainder a quality mix of small to medium sized businesses. The high quality of the estate has led to minimal vacancy since completion and a large number of tenants have renewed or expanded within the estate.
25 Narabang Way represents a fantastic opportunity for investors seeking strong returns or for traders that may consider selling the units individually under a strata title scheme (STCA). Either way we believe this is an asset worthy of the strongest consideration.
For further details or to arrange an inspection please contact Matthew Lee or Geoff Hunt
For more details, please email agent