Property ID: 1P1031
65-67 Batt Street Penrith NSW
$ 13,250,000
- 36
-
Industrial
-
Sold
-
2443 sqm
-
4199 sqm
-
36
-
E4 General Industrial
ASX Listed Giant | Flagship Sydney Industrial Investment | Brand New 10 Year Lease
PRD Commercial Western Sydney and Burgess Rawson are pleased to announce the sale of 65-67 Batt Street, Penrith by way of Public Auction:
After spirited bidding to secure this trophy asset the property was sold under the hammer for $13,250,000 (ex GST)
Building Rate: $5446pm2 (ex GST)
Yield: 5.13%
+ Brand new 10 year to 2034 plus six (6) further five (5) year options to 2064
+ Leased to ASX listed Reece Limited (ASX:REH) with market capitalisation of $14.3 Billion, Australia's largest supplier of plumbing and bathroom supplies with 600 location across Australia**
+ Attractive annual rent reviews: greater of 4% or CPI, ensuring strong rental growth^
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax (single holding basis)
+ Significant 4,199 sqm* freehold offering a highly functional and recently upgraded 2,433 sqm* industrial warehouse
+ Recently refurbished, offering tax depreciation benefits
+ Rare major multi-business Reece distribution facility including Plumbing, Fire & Irrigation services
+ Ample onsite parking - 35 car spaces
+ Strategically located in close proximity to major brands including 7-Eleven, RSEA, Sydney Tools, ARB, Kawasaki, Sthl, Clark Rubber, Hyundai, Pets Warehouse amongst others/
+ Penrith: Western Sydney location with a forecasted population growth of 67% to reach over 369,000 by 2041***
+ Net Income: $680,000 pa* + GST
Sale Date
Tuesday 20 February 2024
Yallamundi Rooms, Sydney Opera House
*Approx
^ Capped at 5%
**www.reece.com.au
***https://treasury.gov.au/
Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST. Images and plans are indicative.
After spirited bidding to secure this trophy asset the property was sold under the hammer for $13,250,000 (ex GST)
Building Rate: $5446pm2 (ex GST)
Yield: 5.13%
+ Brand new 10 year to 2034 plus six (6) further five (5) year options to 2064
+ Leased to ASX listed Reece Limited (ASX:REH) with market capitalisation of $14.3 Billion, Australia's largest supplier of plumbing and bathroom supplies with 600 location across Australia**
+ Attractive annual rent reviews: greater of 4% or CPI, ensuring strong rental growth^
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax (single holding basis)
+ Significant 4,199 sqm* freehold offering a highly functional and recently upgraded 2,433 sqm* industrial warehouse
+ Recently refurbished, offering tax depreciation benefits
+ Rare major multi-business Reece distribution facility including Plumbing, Fire & Irrigation services
+ Ample onsite parking - 35 car spaces
+ Strategically located in close proximity to major brands including 7-Eleven, RSEA, Sydney Tools, ARB, Kawasaki, Sthl, Clark Rubber, Hyundai, Pets Warehouse amongst others/
+ Penrith: Western Sydney location with a forecasted population growth of 67% to reach over 369,000 by 2041***
+ Net Income: $680,000 pa* + GST
Sale Date
Tuesday 20 February 2024
Yallamundi Rooms, Sydney Opera House
*Approx
^ Capped at 5%
**www.reece.com.au
***https://treasury.gov.au/
Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST. Images and plans are indicative.
