Home of Australia Post and NSW Police hits the market

​Sydney, 27 October 2015 – A prime 7.3 hectare industrial asset located within one of Australia’s premier logistics hubs has been listed for sale in a move tipped to generate significant offshore interest.

Located at 6-20 Clunies Ross Street, Greystanes, the A-grade distribution facility will be sold with existing long-term leases to Australia Post and the NSW Police. The tenancies offer a 6.1 year WALE and current net income in excess of $5 million.

The large site accommodates over 38,500sqm of improvements, including 25 docks and roller doors, quality office facilities with ample natural light and covered loading areas. The site further benefits from flexible zoning and strategic location with easy access to both the M4 Motorway and Great Western Highway.

CBRE’s Matthew Lee, Mark Hansen and Richard Butler, in conjunction with Gavin Bishop and Harry Bui of Colliers International, will be negotiating the sale via an Expressions of Interest campaign, closing at 4pm on Tuesday 17th December. 

Mr Hansen said given the high level of buyer interest in the Western Sydney area recently and the strength of the industrial market, the property’s owner, Deka Immobilien, has deemed it an ideal time to sell.

“Offshore demand for Australian industrial assets is currently at unprecedented levels, underpinned by the low Australian dollar; therefore we expect to receive strong interest in the Clunies Ross Street site.”