Unit 99/2 The Crescent, Kingsgrove, NSW 2208

Industrial

Sold $1,400,000

  • Property ID: 441032
  • Floor Area: 180m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 15/05/2024 180m2 N/A N/A
BRAND NEW WAREHOUSE UNIT & OFFICE WITH SECURE INCOME

CPG are pleased to present to market for sale a brand new 98m²* warehouse unit and accompanying an 82m²* office suite located in the highly central and prestigious brand new ‘Kingsgrove Connect’ industrial development, only moments from the M5 and M8 motorway ramps, Kingsgrove and Beverley Hills Railway Stations in the highly sought after suburb Kingsgrove, a central location for greater Sydney which generates high interest from both buyers and tenants.

With occupation for the development only occurring in November 2023, the unit & office come with a new 3 year lease returning $57,600.00 pa + GST, a brand new building offered as a leased investment with depreciation benefits in the low risk strata warehouse asset category with the ability to occupy the unit at lease expiry (no option).

The new development is a state of the art industrial complex with large rigid vehicle access, container loading zones & wide driveways, immaculate finishes & design in each unit, now becoming a central business hub within the area with many notable professional businesses, gyms, café’s, a yoga studio and more, welcome to Kingsgrove connect business park!

KEY FEATURES:

- 180m²* on title
- 98m²* warehouse floorspace
- 82m²* mezzanine/office area
- 2 allocated car spaces
- 6.5m clearance in warehouse
- 1 x toilets, shower & modern kitchenette
- NBN, 3 phase power and motorised roller door
- Excellent natural light in office and pleasant view overlooking the leafy Crescent
- Secure gated complex with 24/7 remote access
- Rental income of $57,600.00 pa + GST
- Depreciation benefits of brand new building improving investment

Being the only leased warehouse unit on offer in the complex this is a unique opportunity, to register your interest and for further information please contact exclusive sales agents Ryan McMahon on 0429 228 460 or Ben Panayotopoulos on 0430 140 683.

*Approximate.

Kingsgrove Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $332 ---
Retail $7667 --- ---
Industrial $6140 $239 3.88%
This is the average advertised price, rent and yield for Kingsgrove, NSW 2208*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Tools

  Commercial Property Group Southern Sydney

 

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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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