A-Grade Infill Investment with Long WALE
A private investor will be placing for sale a recently completed asset containing a well-publicised company My Muscle Chef as a tenant on a long-term lease.
Selling agent, Marcel Elias of Bawdens said the brand-new property at 1 Norrie Street, Yennora contains a 12-year lease to a high-quality company, backed by Quadrant Private Equity which generates an annual rent of $1,442,000 pa Net –
providing investors with a rare opportunity to acquire a substantial food manufacturing facility with a state of the art fit out within. The facility provides quick access to the M4 and M7 motorways.
According to the selling agent, industrial vacancies are at an all-time low estimated at 0.3% within metropolitan Sydney.
With neighbouring economic activity, Mr Elias believes long WALE assets with good review structures are becoming increasingly rare due to the insatiable appetite to hold and manage assets as such.
“The lease has been well structured to capture CPI reviews and an escalating bank guarantee, that increases annually proportional to the net rent,” said Mr Elias. “The facility is the only new facility to be offered in Yennora for many years, providing significant depreciation benefits.
According to Bawdens Industrial Property news, Western Sydney’s industrial sector is tipped to be in continual demand for decades to come due to population and economic growth, notably due to construction of the Western Sydney Airport (operational 2026) The forecast follows an extended period of economic growth for the state economy, with transport and logistics operators in Western Sydney major beneficiaries.
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For more information:
Marcel Elias
Consultant
Email: eliasm@bawdens.com.au
M : 0488 884 411
About Bawdens:
Bawdens Industrial was founded in 1966 by Harry Bawden in the City of Parramatta. Since the Harry Bawden era, Bawdens has gone from strength to strength; over the past decade we have become a respected, specialist, professional organisation servicing the industrial property needs of metropolitan Sydney.
In recent times the industrial property market has become increasingly sophisticated requiring a high standard of integrated expertise.
As Real Estate Agents, Asset Managers, Auctioneers, Valuers and Land Economists, Bawdens provides a fully integrated industrial property service to our clients and customers.
Our evolution as one of western Sydney’s leading specialist industrial property agencies has been built on a determination to thoroughly immerse ourselves in the industrial property market. This specialist dedication is the continued strength that drives our organisation to remain committed; we not only wait for clients to seek our assistance but actively explore innovative solutions in matching people with property.
For more information visit www.bawdens.com.au