BUYERS have a wonderful opportunity to purchase a substantial industrial facility with holding income and development potential as 45-57 Moxon Road in Punchbowl hits the market.
The asset, which comes with an impressive 34,487sq m* land area, has been pieced together by a family over 50 years and is being offered for sale for an expressions of interest campaign.
The facility is being marketed and sold by Ray White Commercial Western Sydney Managing Director Peter Vines and Directors Victor Sheu and Joseph Assaf.
“This really is a once in a generation opportunity to acquire five adjoining industrial buildings that not only offers a substantial site area but future development upside also,” Mr Vines said.
“Zoned IN2 Light Industrial, the site benefits from an easily accessible and prominent location just off Canterbury Road, moments from the M5 and other arterial roads with a commanding 185m* frontage.
“Improvements include considerable warehouse and office accommodation with additional hardstand areas. All buildings are currently occupied with an attractive passing income.”
“One of the most unique aspects of The Moxon Estate is its large landholding in a tightly held location and that’s certain to appeal to many,” Mr Sheu said.
“Seldom do opportunities present themselves within the Punchbowl to Revesby industrial precinct. The scale allows for an array of potential uses suitable for occupiers, investors, landbankers, and developers alike.”
“Backed by its strategic placement within Sydney’s transport map both by way of convenience and logistics, Punchbowl is constantly experiencing the infrastructural development benefits,” Mr Assaf said.
“Being only 11km* from Sydney Airport and 20km* from Port Botany – Punchbowl is also only 20 minutes* away from connecting to a wide range of freight and intermodal facilities.”
“45-57 Moxon Road in Punchbowl has been held by our family for decades. The first lot was purchased in the 1960s, and progressively, additional lots were purchased to house our then growing manufacturing business,” said vendor Uri Ferster.
“It was chosen as the site to centralise our manufacturing operations due to its scalable size, proximity to Port Botany and Sydney Airport, and short travel time to the office in the city.
“The manufacturing business was divested many years ago and today the various buildings are used primarily for wholesale distribution.
“We believe the site is perfect for a new industrial complex, be that either smaller warehouses, or one or two large-scale warehouses.
“As a legacy property, the family would have enjoyed overseeing the redevelopment of the site back to its former glory however, our core business is not property development and this creates a wonderful opportunity for a new owner for the first time in over 50 years.”