This article is from the Australian Property Journal archive
MORE than $15 million is expected for a rare pairing of industrial assets in one of Australia’s strongest industrial and logistics precincts, put to the market with a leaseback to Hong Kong Stock Exchange-listed biotech company CK Life Sciences.
The property at 3 & 13 Reaghs Farm Road in Sydney’s Minto, known as the “The Minto Collection” is on a combined land area of 6,892 sqm and comes with a leaseback to global Pharmaceutical company Lipa Pharmaceuticals, wholly owned by CK Life Sciences Int’l., (Holdings) Inc. Total net return is $854,280 set across 4,068 of total building area.
Interest is likely to come from private investors and smaller funds.
The property has a 4,068 sqm freestanding building with large on-site parking ratio, container height roller door, container set down areas and high internal clearance.
Colliers’ Angus Urquhart and Hamish Miles have the listing.
“This is an excellent opportunity for investors to secure two separate fully leased investments to the renowned occupier, Lipa Pharmaceuticals.
“The properties are situated in the booming Minto industrial precinct and provide absolute certainty in return at an attractive yield and price point that the South West market hasn’t seen for some time,” Urquhart said.
The assets offer excellent access to major arterial roads such as M5 and M7 highway entries and Hume Motorways, as well as Minto Intermodal and Moorebank Intermodal.
The Minto and south-west industrial market are set to benefit from the government’s strategic investment in major infrastructure projects, estimated at $250 billion in the next five years. This includes Charter Hall’s development at 149-1550 Airds Road with a recent pre-commitment from Volvo, and pan-Asian giant ESR’s site at 50 Airds Road, also in Minto.
Expressions of interest close 15th May.
