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Industrial
Sector
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$55 million
Acquisition Price
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74,670sqm
Land Area
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26,739sqm
GLA
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8.7%
Fully Leased Yield
The site comprises 25,592sqm of industrial and office buildings on extensively landscaped grounds. Cromer is located within the Northern Beaches of Sydney, approximately 20km to the Sydney CBD and less than 1km to Dee Why beach.
The Yield Plus Infrastructure 2 fund strategy is to acquire a portfolio of yield producing real estate assets with rezoning or repositioning potential. YPI 2’s model is based on investment surrounding infrastructure, particularly public transport.
The large land holding is in an area likely to benefit from urban renewal and both transport and community infrastructure upgrade.
"The proximity to new and upgraded infrastructure enhances the long term value of the site."
