Sale and Leaseback With Development Upside Yields 7.8%
11 February 2016
John Fletcher Properties, an Australian owned and operated Property Investment Group, has paid $3,215,000, representing a yield of 7.8 percent, for an industrial facility in South Windsor in a deal brokered by Savills Australia.
According to Savills selling agent Anthony Mullane of Industrial & Business Services, 3-5 Anderson Place was offered for sale as an investment, with a five year sale and leaseback returning $250,000 per annum net.
Mr Mullane said that the property had huge potential due to it being heavily underdeveloped and offered huge future development potential as the two lot parcel of 7,708sq m encompassed the entire cul-de-sac.
“The property offered outstanding potential for investors to capture an attractive return with a sound lease in place. Furthermore, there is also the future ability to maximise returns through future development of the large site.”
The site is positioned in the heart of the South Windsor industrial precinct and is easily accessed off both Hawkesbury Valley Way and Windsor Road which connects Sydney to the vast majority of the North West through access to the M7, M2, Richmond Road and Prospect Highway.
