The property is a true “add-value” opportunity for investors to refurbish industrial warehouse units, raise overall return, unit title and re-value in a market and area with super high tenant demand. The site is being sold with 3x vacant tenancies and the other 5 tenancies all have hard end dates in the foreseeable future, offering the opportunity to re-furbish the warehousing over time and potentially develop an entirely new unit on the front tenancy, while using existing return as holding income.
* Total Site Area: 7,318sqm
* Total Building Area: 2,602sqm
* Tenancies: 8x 250-270sqm warehouse Tenancies with opportunity for significant rental upside
26-28 Bancroft is located on the Eastern peninsula of Glendene’s sought after Heavy Industry Business Zone. The property is neatly arranged with two access points to access half of each of the tenancies - 26 Bancroft is accessed via the main entrance and drive, while the tenancies at 28 Bancroft Crescent are accessed by a right of way access illustrated in the title.
Please contact the sole agents today to request the Information Memorandum, access JLL’s Data-room and arrange viewings.