31A Nyrang StreetLidcombe NSW 2141
Property Details for 31a Nyrang St, Lidcombe
Last Listing description (October 2016)
CBRE is delighted to offer for sale, via expressions of interest, 31A & 31B Nyrang St in Lidcombe. A rare chance to secure a quality asset in a great location underpinned by a secure long term lease.
Lidcombe is located in the central west of Sydney, one of the premier locations for its proximity to both the Sydney CBD and to metropolitan Sydney via the M4 Motorway and Parramatta Road. This, combined with the strength of surrounding occupiers such as Tooheys, Woolworths, Bunnings and Costco, further enhances the appeal of this tightly held market.
31A & 31B Nyrang St comprise two separate titles in a battle axe configuration providing for a site area of 2.974 hectares (approx.). Improvements on the site encompass 3 free standing buildings with a total lettable area of approximately 18,800sqm. Building 1 and 2 are traditional industrial facilities with multiple docks and doors while building 3 is a freestanding office building used as the blue-chip tenants corporate head office. The expansive site also provides for car parking for staff and visitors as well as B-Double access.
The properties are fully leased to a very stable tenant on two separate leases for a 6 year term commencing 1st April, 2015. Commencing rental is $631,433 and $957,058 across 31A & 31B respectively.
The financial position is enhanced by a fixed annual review pattern of CPI + 1%.
In summary this is a rare opportunity to secure a quality industrial investment property in an established and sought after market, leased to a strong tenant with secure income and built in rental growth. Add to this the rapidly changing surrounding area and the flexibility of two titles and two leases and we believe this is an opportunity worthy of the strongest consideration.
Please contact the CBRE selling team for further details.
Property History for 31a Nyrang St, Lidcombe, NSW 2141
- 15 Dec 2021Sold for $58,000,000
- 11 Oct 2016Listed for Sale EXPRESSIONS OF INTEREST
- 08 Jul 2015Listed for Sale Not Disclosed
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0About Lidcombe 2141
The size of Lidcombe is approximately 6.8 square kilometres. There are 30 parks, covering nearly 6.9% of the total area. The population of Lidcombe in 2016 was 19627 people. By 2021 the population was 23663 showing a population growth of 20.6% in the area during that time. The predominant age group in Lidcombe is 20-29 years. Households in Lidcombe are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lidcombe work in a professional occupation.In 2021, 53.10% of the homes in Lidcombe were owner-occupied compared with 55.90% in 2016.
Lidcombe has 12,163 properties. Over the last 5 years, Houses in Lidcombe have seen a 38.44% increase in median value, while Units have seen a 12.41% increase. As at 31 July 2026:
- The median value for Houses in Lidcombe is $1,792,667 while the median value for Units is $784,005.
- Houses have a median rent of $800 while Units have a median rent of $765.
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