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

^ Capped at 5%

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.

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