23 PRINCE OF WALES AVENUE UNANDERRA
MANAGING DIRECTOR
MMJ Real Estate Wollongong
M: 0409 456 299
MMJ Real Estate, as exclusive selling agent is pleased to present 23 Prince of Wales Avenue, Unanderra to the market; The property is for sale via Private Treaty. DIRECTOR
MMJ Real Estate Wollongong
M: 0447 300 800
E: travis.machan@mmj.com.au
23 Prince of Wales Avenue, Unanderra NSW
Key Highlights.
01
TROPHY BLUE-CHIP INDUSTRIAL INVESTMENT.
Leased to FedEx Express Australia Pty Ltd on a new 5 + 3 year lease term. Fedex is one of the world’s largest providers of transportation, e-commerce and business services.
02
ATTRACTIVE PASSING INCOME.
Generating a strong passing income of $679,723 p.a. net + GST with the tenant responsible for 100% of all statutory outgoings.
SUBSTANTIAL INDUSTRIAL LAND HOLDING.
Spanning over three separate titles forming a substantial 8,839m2 heavy industrial land holding in the heart of Unanderra’s industrial precinct.
LARGE-SCALE WAREHOUSE.
Featuring an expansive 3,574m2 high-clearance warehouse inclusive of ancillary office and amenities areas ideal for the current tenant and other industrial users.
23 Prince of Wales Avenue, Unanderra NSW
Executive Summary.
Lots 39-41 in Deposited Plan 773647
Land Area: 8,839m²
GLA: 3,574m²
Tenant: FedEx Express Australia Pty Ltd
Income: $679,723.00 p.a. net + GST
Zoning: E5 Heavy Industrial
23 Prince of Wales Avenue, Unanderra NSW
Opportunity.
23 Prince of Wales Avenue, Unanderra presents a substantial blue-chip industrial investment secured by a strong lease covenant to FedEx Express Australia Pty Ltd.
With a recently executed 5 + 3 year lease in place, this represents an optimal opportunity to acquire the asset and capitalise on the benefits of the full lease term.
Set on an imposing 8,839m2 parcel of E5 Heavy Industrial zoned land, the site comprises an expansive 3,574m2 high-clearance warehouse inclusive of ancillary office and amenities areas. Featuring several roller doors providing flexible access points, two wide driveways facilitating efficient vehicle ingress and egress, and extensive concrete hardstand surrounding the improvement, all well configured to suit the requirements of the current tenant as well as many other industrial users.
Offering scale and versatility, the property boasts a strong occupancy history. Positioned within a market sector characterised by rising rents, low vacancy and sustained occupier demand, the asset is strategically positioned for continued appreciation.
With a notable shortage of quality industrial investment stock in the industrial market, this represents a rare opportunity not to be overlooked.
Premium industrial asset leased to FedEx.
23 Prince of Wales Avenue, Unanderra NSW
Location.
The property is located in one of the Illawarra’s most coveted industrial precincts. Situated on Prince of Wales Avenue in the heart of Unanderra’s bustling industrial hub, it benefits from efficient connectivity to major arterial thoroughfares including the Princes Highway and Motorway, as well as easy access to key business precincts such as the Wollongong CBD and surrounding industrial zones, with direct links to Port Kembla.
Port Kembla, one of Australia’s largest commercial ports, supports the distribution of goods across the Illawarra and Greater Sydney. With delivery and logistics being core to FedEx’s operations, the property’s location just 8km from Port Kembla Harbour provides significant operational advantages.
Take advantage of this strategic business location positioned amid significant commercial growth, enhancing the long-term viability of the asset.
A location and site that delivers.
23 Prince of Wales Avenue, Unanderra NSW
Tenant Profile.
FedEx Express Australia Pty Ltd is the Australian subsidiary of global logistics leader FedEx Corporation, one of the world’s largest providers of transportation, e-commerce and business services. Operating in more than 220 countries and territories, FedEx delivers an integrated portfolio of air and ground shipping, freight, supply chain and last-mile delivery solutions to businesses and consumers worldwide.
In Australia, FedEx provides comprehensive domestic and international express and freight services, supported by a national network of depots, distribution centres and transport infrastructure. The company services a broad customer base across key sectors including e-commerce, healthcare, manufacturing, technology and retail.
As part of a globally recognised logistics group with a strong brand presence and substantial operational scale, FedEx is regarded as a highquality covenant, offering investors confidence through its established market position and long-term commitment to the Australian logistics sector.
Location Map.
23 Prince of Wales Avenue, Unanderra NSW
Schedule.
Annual Statutory Outgoings.
Tenant pays 100% of all statutory outgoings as well as a property management fee of 1.5% in addition to each and every payment they make pursuant to the lease.
23 Prince of Wales Avenue, Unanderra NSW
Lot & Building Particulars.
Address 23 Prince of Wales Avenue, Unanderra
Title Lots 39-41 in Deposited Plan 773647
Land Area
Land Dimensions
Warehouse Clearance
Roller Door Specs
Loading Dock
8,839m2
87.86m/108.64m x 96.04m/IRR (14.05m+69.86m)
Minimum 5 metres, Maximum 7.5 metres
There are a total of seven (7) roller doors, each measuring 5m (h) x 5m (w), with the exception of one (1) on the eastern side, which measures 5m (h) x 2.5m (w).
Loading dock 1: 385.84m2
Loading dock 2: 120m2
Power 3-phase, 100A per phase
Zoning E5 Heavy Industrial *All
23 Prince of Wales Avenue, Unanderra NSW
Floor Plan.
23 Prince of Wales Avenue, Unanderra NSW
Site Plan.
23 Prince of Wales Avenue, Unanderra NSW
Deposited Plan.
23 Prince of Wales Avenue, Unanderra NSW
23 Prince of Wales Avenue, Unanderra NSW
Zoning Summary.
ZONE E5 HEAVY INDUSTRIAL
1 Objectives of zone
• To provide areas for industries that need to be separated from other land uses.
• To ensure the efficient and viable use of land for industrial uses.
• To minimise any adverse effect of industry on other land uses.
• To encourage employment opportunities.
• To support and protect industrial land for industrial uses.
2 Permitted without consent
Building identification signs; Business identification signs
3 Permitted with consent
Advertising structures; Boat building and repair facilities; Data centres; Depots; Freight transport facilities; General industries; Hazardous storage establishments; Heavy industrial storage establishments; Heavy industries; Helipads; Industrial retail outlets; Industrial training facilities; Kiosks; Light industries; Offensive storage establishments; Oyster aquaculture; Recreation areas; Roads; Rural industries; Service stations; Storage premises; Take away food and drink premises; Tank-based aquaculture; Transport depots; Truck depots; Vehicle body repair workshops; Vehicle repair stations; Warehouse or distribution centres; Water supply systems
4 Prohibited
Any development not specified in item 2 or 3
23 Prince of Wales Avenue, Unanderra NSW
Method of Sale.
The property is for sale via Private Treaty.
For more information please contact the Exclusive Selling Agents.
MANAGING DIRECTOR
MMJ Real Estate Wollongong
M: 0409 456 299
E: tim.jones@mmj.com.au
TRAVIS MACHAN
DIRECTOR
MMJ Real Estate Wollongong
M: 0447 300 800
E: travis.machan@mmj.com.au
TIM JONES
The agent(s) for themselves and the vendors of the property whose agent(s) they are, give notice that:
(i) The particulars are set out as a general outline only for the guidance of purchasers and do not constitute an offer or contract.
(ii) All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but purchasers should not rely on them as statements or presentations of fact, but must satisfy themselves by inspections or otherwise please as to the correctness of each of them; and a draft Agreement for Sale of Land which is available for inspection at the offices of the Agents . In the event of any inconsistency between this Information Memorandum and the Agreement for Sale of Land, the provisions of the Agreement for Sale of Land shall prevail.
(iii) No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatsoever in relation to the property.
(iv)The Agents and the vendor, each of their associates and every person involved in the preparation of this Information Memorandum expressly disclaim any liability on any grounds whatsoever for any direct or consequential loss or damage (whether foreseeable or not) which may result from any party acting on or relying upon all or any part of the information contained in the Information Memorandum notwithstanding any negligence, default or lack of care.