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2 Woolworths Way, Warnervale
Woolworths Anchored Logistics Facility
Colliers and CBRE are pleased to offer for sale 2 Woolworths Way, Warnervale, a high-quality, significant distribution centre strategically located within a growth market of New South Wales.
Anchored by Woolworths, one on the strongest covenants in industrial & logistics real estate, the opportunity provides the following captivating features;
- Value-add potential through development of the expansion land given the low 23% site coverage
- Super Prime logistics offering with investment grade covenant to Woolworths Group Limited
- Modern and highly functional building improvements of 54,196m²
- Significant freehold land holding of 231,600m², centrally located within proximity to the M1 Motorway to service the northern suburbs of Sydney to the Tweed Coast in Northern New South Wales
- Brand-new 5-year lease with strong fixed review pattern
- Net passing income of $6,069,952 ($112/m²) per annum (as at 1 August 2021)
- Rare offering of scale in the tightly held Sydney industrial market
- Exposure to high growth market of non-discretionary food distribution sector
This exceptional investment opportunity is being offered for sale via International Expressions of Interest closing 4:00pm AEDT, Friday 26th March 2021.