Property Details:
CPG is excited to present to the market for the first time in 30 years, 16-28 Production Avenue, Kogarah. This offering is 4 freehold warehouses for sale INDIVIDUALLY and can be secured in sizes from 265m² (one of two strata units) up to 2,360m² (two freehold warehouses combined)*
Offered as eight separate titles, the assets provide a total land area of 4,038m² and total building area of 3,621m². Seven tenants are currently enjoying occupancy over these titles with annual rental revenue of $467,102.95 pa + GST being generated. Huge benefit off-street parking with 36 car spaces as well as ample concrete hardstand for containing and truck deliveries.
Zoned IN2 Light Industrial under Bayside Council the zoning allows for a variety of uses, mainly industry related. The property also benefits from an extensive Development Approval obtained by the Vendors for a significant multi-level industrial development providing 66 units plus basement carpark.
Kogarah is a highly sought-after industrial/business area as opportunity for industry to be positioned within a prime geographical location has been challenged over the years with much of the re-zoning and development of residential high rise. Production Avenue is a one-way road that connects to Phillips Road and Garrigarrang Avenue both with traffic lights, allowing access onto Rocky Point Road traveling either direction. The property is located opposite Scarborough Park playing fields and its amenities and significant public parking. Behind the property is Ramsgate Park, the former Darrell Lea Chocolate site which was developed into 534 residential apartments and terraces.
Location can’t be underestimated, with proximity to all major hubs within moments being Kogarah CBD, Private and Public Hospitals, Brighton-Le-Sands, Princes Highway, M8 Stage 1, M5 along with Port Botany and Sydney Airport. 16-28 Production Avenue is arguably one of the most convenient business precincts in Southern Sydney.
Information packages and contracts for sale are available upon request.
Summary of Offering:
– 16-28 Production Avenue, Kogarah
Land: 4,038m²
Building: 3,621m²
Individual Offerings:
-16-18 Production Avenue, Kogarah
Land Area: 1,175.3m²
Building Area: 1,003m²
-20-22 Production Avenue, Kogarah
Land Area: 1,185.2m²
Building Area: 1,100m²
-24 Production Avenue, Kogarah (SOLD)
Land Area: 559.2m²
Building Area: 482.50sqm
-26 Production Avenue, Kogarah (SOLD)
Land Area: 484.20m²
Building Area: 501m²
-1/28 Production Avenue, Kogarah (strata titled with land area of 633.8m²)
Area: 270m²
-2/28 Production Avenue, Kogarah (strata titled with land area of 633.8m²)
Area: 265m²
To obtain further information or to arrange an inspection, please contact the exclusively appointed selling agents, Commercial Property Group.
Open for Inspection by Appointment only.
Contact:
Ryan McMahon
0429 228 460
Damen Astey
0431 817 616
Hayden Bennett
0477 665 455
*All figures are approximate
