Superior South Sydney standalone tenanted investment
Savills South Sydney is proud to bring 1 Gillespie Ave, Alexandria to the market for sale.
1 Gillespie Ave, Alexandria epitomises an unrivalled opportunity to acquire a superior standalone building within the tightly held South Sydney commercial and industrial precinct. The subject property is well suited for passive investors as well as investors looking for upside, due to the pending market rent review and Flexible B7 Business Park zoning.
Key property features of 1 Gillespie Ave include:
- Site area: 3,672sq m*
- Building area: 2,515sq m*
- Current passing net rent: $441,329 pa + outgoings + GST
- Tenanted investment with a strong tenant covenant in Intermain
- Superior quality standalone building - Traditional high clearance standalone warehouse converted to high end commercial head office through an extensive tenant fit out
- Outstanding upside opportunity due to pending market rent review at the end of 2020 and flexible B7 Business Park zoning.
- Zoning: B7 Business Park
- FSR: 1.5:1 offering potential GFA: 5,407.5sq m*
- Located in the desirable and tightly held South Sydney market – Australia’s premium industrial market
- The location is one of convenience – 10 mins* to Sydney CBD, 7 mins* to Sydney Airport
- Well positioned in the ever changing suburb of Alexandria now well known for being a creative commercial hub
For further information or to inspect please contact the exclusive selling agents.
|n a||Expression of Interest||2515.00sq m||Available|