Positioned on a substantial 2,046sqm* landholding with a total building area of 3,291sqm*, the asset attracted strong interest from both owner-occupiers and investors, ultimately being secured by a local owner-occupier post-auction.
The property, formerly owner-occupied by CUE Fashion, offers a highly functional combination of high-clearance warehousing, modern office and showroom space, and flexible lower-level storage. Its rare scale and versatility are complemented by significant on-site parking and favourable planning controls, including E3 Productivity Support zoning, a 3:1 floor space ratio, and a 44-metre height limit.
RWC Industrial City South's William Gathercole, Marcus Schraag and Costa Fragias managed the campaign and highlighted the depth of enquiry throughout.
“This result highlights the strong demand for quality industrial assets in Mascot. The buyer was driven by the property’s functionality and strategic location near the M8,” Mr Gathercole said.
“We saw consistently strong enquiry throughout the four-week auction campaign, underpinned by the property’s scale, flexibility and proximity to key infrastructure.”
“Opportunities of this calibre are incredibly tightly held in South Sydney. The combination of a large landholding, high-quality existing improvements and future redevelopment upside resonated strongly with the market.”
The campaign generated significant interest, with buyers particularly drawn to the property’s extensive parking provision, including basement capacity for approximately 50 vehicles, a rare offering in the precinct.
“The level of enquiry exceeded expectations, especially given the property’s strategic location in Mascot and its ability to cater to a wide range of users,” Marcus Schraag said.
Strategically located just 4km from Sydney’s CBD, the property benefits from immediate access to major transport infrastructure and key lifestyle amenities. It sits in close proximity to Port Botany, Sydney Airport, The Grounds of Alexandria and Green Square Library, further enhancing its appeal.
“Mascot and the broader Alexandria precinct continue to evolve as key urban infill locations, supported by infrastructure investment and strong occupier demand,” Costa Fragias said.
“The property’s position on the doorstep of the M8 motorway was a major drawcard, along with the quality of the existing improvements, which allowed the purchaser to secure a highly functional facility with future upside.”
The surrounding precinct is also undergoing significant transformation, with a proposed data centre development nearby and the completion of a new self-storage facility adding to the area’s growing infrastructure profile.
“While the site offers clear redevelopment potential given its planning controls, the purchaser recognised the immediate value of the existing building and its suitability for ongoing occupation,” Mr Fragias said.
The property was sold following a four-week auction campaign, concluding in a successful post-auction negotiation.
HIGH-RES IMAGES HERE
