49-55 Cranbrook Street, Botany
Pemida Pty Limited has successfully acquired four highly functional and well-appointed adjoining warehouse units in one of Sydney’s most dynamic and highly sought-after industrial precincts for $9.52 million. With a 4.78 per cent yield. this transaction showcases the enduring appeal of South Sydney's industrial market, particularly within the coveted Botany precinct.
Situated at 49-55 Cranbrook Street, Botany, the property was sold through Nick Mallett and Jake Savery of Cushman & Wakefield and enjoys a premier location within the heart of the Botany Industrial Precinct. Boasting an expansive 80-metre street frontage, the site spans 1,625sqm*, with a generous lettable area of 1,212sqm*. Comprising four top-tier industrial units sold in one line, the property offers versatile spaces ranging from 264 to 338sqm*, perfectly tailored to meet the needs of industrial and creative users alike.
Nick Mallett, reflecting on the transaction, remarked, "We're ecstatic about the widespread interest this site garnered across the market, underscoring the enduring resilience of the South Sydney industrial market, especially within the coveted Botany precinct.
“The remarkable competitiveness of the campaign enabled us to achieve an outstanding result, affirming the intrinsic value and desirability of classic industrial assets within this precinct."
Adding to the allure of the property, Jake Savery noted, "With flexible lease-back options, this property appealed not only to investors seeking record high rental returns within the industrial market but also to owner-occupiers with plans to move into the property while collecting strong rental income in the interim.
“Offering high-yielding income for 20 months and long-term development potential, this acquisition represents one of the best offerings in Botany over the last decade."
Strategically positioned just off Botany Road, the site enjoys easy access to major arterial roads including the M5, M1, and M8 Motorways, highlighting the precinct's superior connectivity to greater Sydney. Furthermore, its proximity to Port Botany, Kingsford Smith Airport, and the Sydney CBD further enhances its desirability and strategic value.
Mr Mallett said “The successful acquisition of these prime industrial assets by Pemida Pty Limited underscores the continued strength and appeal of South Sydney's industrial market, solidifying Botany's status as a premier destination for industrial and creative ventures”.
