23 Davis RoadWetherill Park NSW 2164
Property Details for 23 Davis Rd, Wetherill Park
Last Listing description (September 2023)
CBRE & Bishops are pleased to offer for sale 23 Davis Road, Wetherill Park Sydney, representing a significantly land rich asset with develop to core prospects situated in an absolute core industrial location. Offered for sale via an Expressions of Interest campaign closing Thursday 27th July at 4:00pm AEST.
Key Highlights:
+ Minimal improvements with a low site coverage of 10%
+ One of the most highly sought after precincts of Sydney
+ High underlying land value
+ Long term repositioning flexibility
+ Severe lack of available developable land in the immediate precinct
+ Historically low vacancy rate at 0% in Metro West
+ Substantial y-o-y rental growth at 51.7% in Metro West for super prime facilities
+ Leased to InfraBuild, Australia's largest processor and distributor of steel long products
+ Term of 5 years with an optional break clause after 18 months
+ Net income of $1,014,000 pa with strong reviews to the greater of CPI or 3.5%
+ Ability to capture market rental growth with the mid term market review in year 2
For further information, please contact the selling agents.
All figures approx.
Property History for 23 Davis Rd, Wetherill Park, NSW 2164
- 01 Sep 2023Sold for $25,000,000
- 29 Jun 2023Listed for Sale Contact Agent
- 06 Jun 2014Sold for $7,020,000
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About Wetherill Park 2164
The size of Wetherill Park is approximately 11.3 square kilometres. It has 14 parks covering nearly 24.1% of total area. The population of Wetherill Park in 2011 was 6,025 people. By 2016 the population was 6,119 showing a population growth of 1.6% in the area during that time. The predominant age group in Wetherill Park is 60-69 years. Households in Wetherill Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wetherill Park work in a clerical occupation. In 2011, 78.6% of the homes in Wetherill Park were owner-occupied compared with 75.6% in 2016.
Wetherill Park has 4,159 properties.
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