CBRE and PRD are pleased to offer to the market this brand-new flagship Reece industrial investment at 65-67 Batt Street, Jamisontown (Penrith) NSW for sale via our Investment Portfolio Auction 166.

The property has the following investment highlights:

+ Brand new 10 year net lease to 2034 plus six (6) further five (5) year options to 2064
+ Leased to ASX listed Reece Limited (ASX:REH) with market capitalisation of $14.3 Billion, Australia’s largest supplier of plumbing and bathroom supplies with 600 location across Australia**
+ Attractive annual rent reviews: greater of 4% or CPI, ensuring strong rental growth^
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax
+ Significant 4,199 sqm* freehold offering a highly functional and recently upgraded 2,433 sqm* industrial warehouse
+ Recently refurbished, offering tax depreciation benefits
+ Rare major multi-business Reece distribution facility including Reece Plumbing, Fire & Irrigation services
+ Ample onsite parking – 35 car spaces
+ Strategically located in close proximity to major brands including 7-Eleven, RSEA, Sydney Tools, ARB, Kawasaki, Stihl, Clark Rubber, Hyundai, Pets Warehouse amongst others
+ Penrith: Western Sydney location with a forecasted population growth of 67% to reach over 369,000 by 2041***
+ Net Income: $680,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 20 February 2024
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx
^ Capped at 5%
**www.reece.com.au
***https://treasury.gov.au/