24 Muir Road

Chullora NSW 2190

JLL are pleased to offer the opportunity to acquire 24 Muir Road, Chullora, NSW as part of The Southern Cross Portfolio.


The property is underpinned by its underlying land value, strong lease covenant expiring March 2025 to International multi car brand owner Volkswagen Group Australia, and modern improvements. The asset is also strategically located within one of Sydneys prime industrial precincts of Chullora which is a heavily land constrained location.

Key investment highlights include:

- Rare opportunity to acquire a Sydney based industrial asset of scale
- 33,739sqm of office and warehouse improvements
- Significant site of 5.07 hectares
- Fully leased to Volkswagen Group Australia one of the largest global car manufactures with history dating back to 1937
- Strong lease term with 5.5 year WALE (as at Sept-19)
- Fixed annual 3.25% rental increases throughout the term of the lease
- Rental income of $6,288,441* p.a. net
- Flexible, modern and high quality improvements, originally constructed 2011
- Recently completed (2018) warehouse expansion providing an additional 7,000sqm of GLA
- Fully sprinklered warehouse providing internal clearances ranging from 10 to 12 metres
- Excellent connectivity to major arterials providing clear access to the M4 and M5 Motorways, Rookwood Road and Hume Highway
- High underlying land value being within a prime infill and land constrained location
- Volkswagen Australias National Headquarters

*approx.