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23 Prince Of Wales Ave 38,470 SF Industrial Building Unanderra, NSW 2526 $9,769,950 ($253.96/SF) 5.03% Cap Rate
Investment Highlights
- Three titles forming an 8,839 m² landholding with E5 Heavy Industrial zoning.
- Secure 5 + 3 year lease to FedEx Express Australia Pty Ltd.
- Located in Unanderra’s core industrial hub with strong transport connectivity.
- Access to the Princes Motorway and proximity to Port Kembla
Executive Summary
This offering presents a rare opportunity to acquire a fully leased industrial investment in the established Unanderra industrial precinct. The property comprises a substantial 3,574 m² warehouse and office facility across three titles, totaling 8,839 m² of land. It is secured by a new 5-year lease with a 3-year option to FedEx Express Australia Pty Ltd, generating a net annual income of $679,723 plus GST. The tenant is responsible for 100% of statutory outgoings, providing a low-maintenance investment profile.
Positioned within an E5 Heavy Industrial zone, the site offers long-term flexibility for industrial uses. The property benefits from excellent connectivity to major transport routes, including the Princes Motorway, and is within proximity to Port Kembla and Wollongong CBD. With strong occupancy history and a blue-chip tenant covenant, this asset delivers both immediate income security and future growth potential in a tightly held market. The property will be sold via public auction on Tuesday, 24 March 2026, at AuctionWORKS, Sydney.
Positioned within an E5 Heavy Industrial zone, the site offers long-term flexibility for industrial uses. The property benefits from excellent connectivity to major transport routes, including the Princes Motorway, and is within proximity to Port Kembla and Wollongong CBD. With strong occupancy history and a blue-chip tenant covenant, this asset delivers both immediate income security and future growth potential in a tightly held market. The property will be sold via public auction on Tuesday, 24 March 2026, at AuctionWORKS, Sydney.
Property Facts
| Price | $9,769,950 | Lot Size | 2.18 AC |
| Price Per SF | $253.96 | Rentable Building Area | 38,470 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.03% | Tenancy | Single |
| Property Type | Industrial | No. Dock-High Doors/Loading | 1 |
| Property Subtype | Distribution | No. Drive In / Grade-Level Doors | 7 |
| Building Class | B |
| Price | $9,769,950 |
| Price Per SF | $253.96 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 2.18 AC |
| Rentable Building Area | 38,470 SF |
| No. Stories | 1 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 7 |
Amenities
- Fenced Lot
- Signage
- Automatic Blinds
- Storage Space
- Breakroom
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23 Prince Of Wales Ave
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