4 Cebel Place, Albany, North Shore

Large industrial to occupy or add value

Attention all occupiers, developers and add value investors, Bayleys are pleased to offer to the market for sale or lease 4 Cebel Place, Albany.
An older yet functional industrial building located off Bush Road, the property is accessed via two separate road crossings within the short cul de sac.

Originally built in the late 1980s, the building sits on a regular shaped site of 5,000sqm (more or less) with a secure yard area. There is add value potential to extend the warehouse and maximize the site coverage, as well as potentially lifting the roof to a modern stud height.

The property benefits from a holding income at the rare of the site from two smaller tenancies, with the lion's share of the building vacant at the front. There is also an existing coolstore facility onsite that can remain.

Rarely do buildings of this size and stature present themselves to the open market. With vacancy rates low and build times extending, this existing opportunity should capture the eye of owner occupiers and add value industrial purchasers.

Key features include;
•Standalone industrial building on a site of 5,000sqm (more or less)
•Total building floor area of 2,769sqm (approximately)
•Available to occupy now 2,186sqm (approximately)
•Coolstore facility installed and available
•A grade seismic rating
•Secure yard area with container drop off areas and 44 car parks onsite
•Seven metre wide roller door to access the warehouse

For sale or lease by Deadline Private Treaty, closing 4pm Thursday the 1st of December 2022 (unless sold or leased prior).

Call one of the sole agents today for an information pack and access to the property files. All inspections or site visits are strictly by appointment only.