1-7 Green StreetBanksmeadow NSW 2019
Property Details for 1-7 Green St, Banksmeadow
Last Listing description (April 2023)
An outstanding opportunity to acquire a two unit industrial estate first time offered to the market in one of the best locations in South Sydney. This property which is partly leased will appeal to investors, occupiers and developers. A corner position just off Wentworth Ave, this property offers excellent rental growth into the future plus development potential with no FSR limitations (subject to council approval).
LOCATION
Premium location just off Wentworth Ave, close to Eastgardens Shopping Centre and minutes drive to Sydney City and Port Botany
* Established industrial suburb of Banksmeadow
* Just off Wentworth Ave
* Corner of Holloway and Green Street
* Close to Eastgardens Shopping Centre
* 11km from Sydney CBD
* 6km from Port Botany
* 4km from Sydney Airport
* Easy access to M5 and Westconnex
* Bayside Council local government area
DESCRIPTION
Premium two unit industrial complex partly leased to a long term tenant on a corner position just off Wentworth Drive.
* Site area 5,938sqm
* Building area
* Unit A: 1,566sqm (vacant)
* Unit B: 2,413sqm (leased)
* Total: 3,979sqm
* Enormous truck turning circles and forecourt area (suitable for parking of several trucks and or containers overnight)
* 9m high clearance warehouse areas
* Four container height roller doors (two per unit)
* Awnings over roller shutter access points to the building
* Concrete panel construction with reinforced concrete floors, reinforced steel frame, metal deck and insulated roof with translucent sheeting
* 800 amps per phase supplied to the building
* High quality air conditioned and carpeted offices with suspended ceiling and LED lighting
* Under cover off street car parking for 40 vehicles
This opportunity is being presented for sale via Expressions of Interest.
Property History for 1-7 Green St, Banksmeadow, NSW 2019
- 18 Mar 2022Sold for $25,430,000
- 09 Nov 2021Listed for Sale Contact Agent
- 02 Nov 2020Listed for Rent - Price not available
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About Banksmeadow 2019
The size of Banksmeadow is approximately 3.9 square kilometres. It has 4 parks covering nearly 2.5% of total area. The population of Banksmeadow in 2011 was 12 people. By 2016 the population was 10 showing a population decline of 16.7% in the area during that time. The predominant age group in Banksmeadow is 60-69 years. Households in Banksmeadow are primarily couples with children and are likely to be repaying over $2000 per month on mortgage repayments. In general, people in Banksmeadow work in a professional occupation..
Banksmeadow has 1,114 properties. Over the last 5 years, Units in Banksmeadow have seen a -10.61% decrease in median value. As at 30 September 2024:
- The median value for Houses in Banksmeadow is $2,151,919 while the median value for Units is $1,037,270.
- Units have a median rent of $850.
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