A highly sought-after industrial land parcel in the tightly held Smeaton Grange industrial precinct, located in southwestern Sydney, is expected to achieve a healthy sale price in excess of $10.5 million.
The freehold industrial property at 46 Anderson Road, Smeaton Grange[i] spanning 7,009 sqm, hit the market this week, and according to one of the listing agents, Maria Agostino, Associate Director of Sales and Leasing at Raine & Horne Commercial Macarthur, it has already generated an overwhelming response from potential buyers.
“Enquiries immediately poured in from fund managers, property developers, and high-net wealth private investors seeking a substantial industrial landholding in the burgeoning southwestern Sydney region,” said Ms Agostino, who is selling the property with Daniel Krobot, Managing Director of Raine & Horne Commercial Macarthur.
Nestled in the heart of the Smeaton Grange industrial precinct, the property is close to key transportation arteries such as Camden Valley Way, Narellan Road, and the Hume Highway. The site also offers excellent connectivity to the M5 and M7 Motorways and the entire road network of Greater Sydney.
Currently leased by Doka Formwork Australia, with the lease set to expire 31 August 2023, Ms Agostino says this opportunity is ideal for an owner-occupier seeking to build a new warehouse or industrial strata units. “This land is fully serviced, level and ready for development,” she added.
“This is one of the larger parcels of land we’ve listed for some time, and we are selling the property by Expressions of Interest (EOI). It is also one of the last remaining sites of this size for sale in southwest Sydney, and we expect an excellent result for the vendor.”
Major industrial leasing opportunity in Minto
The dynamic duo of Mr Krobot and Ms Agostina has also listed a significant industrial prospect for lease at 3 Montore Road, Minto[ii]. The lease price for this opportunity totalling 8,009 sqm is set at $1,020,000 per annum net, excluding outgoings and GST.
This prominent industrial premises is situated in the well-established Minto industrial precinct and enjoys a strategic location. Positioned just off Airds Road, the main industrial thoroughfare of Minto, the property offers convenient access to the M5 and M7 Motorways via Campbelltown Road. Moreover, it is conveniently located within a 45-kilometre radius of the Sydney CBD and Port Botany.
“Additionally, this premises benefits from its proximity to commuter rail services, being within easy walking distance. Furthermore, the Macarthur Intermodal Terminal is just a few minutes away, providing added convenience for transportation and logistics,” Mr Krobot said.
Mr Krobot points to various factors driving demand for the region’s industrial market, including significant residential land projects at Appin, Wilton, Cobbity, Leppington and Austral.
“The construction of the Western Sydney Airport and associated projects such as the release of future industrial land around the airport precinct and the completion of the M12 Motorway, are creating additional market impetus and attracting firms to lease industrial space in this region.”
To submit an Expression of Interest in 46 Anderson Road, Smeaton Grange, contact Ms Agostino at 0413 133 899 or Mr Krobot at 0411 215 339. Interested parties can also contact Mr Krobot and Ms Agostino for more information regarding the leasing opportunity at 3 Montore Road, Minto. Alternatively, you can contact Raine & Horne Commercial Macarthur at 02 4628 3455.