Friday 2 December 2011

Extensive Illawarra industrial workshop goes up for sale

Large heavy industrial workshop with 10,000 square metres of enclosed space, as well as a further 22,000 square metres of yard space is up for sale or lease.
The property at 37-45 Glastonbury Avenue, Unanderra, has attracted interest from businesses located in the Illawarra and Sydney
The property’s enhanced electrical capacity is powering tenant interest

One of the Illawarra region’s largest commercial property spaces has been listed for sale or lease by leading commercial real estate firm Raine & Horne Commercial Wollongong.

Located at 37-45 Glastonbury Avenue, Unanderra, the large heavy industrial workshop features 10,000 square metres of enclosed space, as well as a further 22,000 square metres of yard space.

According to selling agent Lynda Burnside, Commercial Sales and Leasing Manager for Raine & Horne Commercial Wollongong, the property is ideally suited to a large machinery or mining-related company.

“The property was previously occupied by steel pipe manufacturer Orrcon, and features multiple overhead cranes with a carrying capacity of between five and 32 tonnes,” said Ms Burnside.

“But with Unanderra being an east coast mining hub, this makes the site a perfect base of operations for a heavy industrial or mining company.”

Indeed, Ms Burnside says she has already received strong interest from a company servicing mining machinery, as well as a local engineering firm and a Sydney-based mechanical business.

“Much of the interest is due to the property’s large power supply, which was upgraded by the previous tenant when they installed a new substation to increase electrical capacity,” she added.

In addition, the site features 450 square metres of office space over two levels, and drive-through access for trucks and other large vehicles.

“There are multiple roller doors on the premises and a height clearance of between 13 and 15 metres, giving buyers and tenants drive-around capabilities for semi-trailers if required.”

Ms Burnside says the property is listed with sale price expectations of around $12 million, and an asking rental price of $95 per square metre, inclusive of outgoings.

Raine & Horne is an iconic Australian property firm, with more than 360 offices worldwide. Also an established Superbrand along with Qantas, Vegemite, Woolworths and Myer, the company has four distinct property service brands including Raine & Horne Residential, Raine & Horne Commercial, Raine & Horne Rural and Raine & Horne Financial.

-ENDS-

For further media information contact:

Lynda Burnside, Commercial Sales & Leasing Manager Raine & Horne Commercial Wollongong on (02) 4224 4600 / 0411 800 801

Kit Bashford, National Marketing & Communications Manager on 02 9258 5400