54IND
54 Industry Rd, Vineyard NSW
Acquired in Jul-21, the property and business sits on 17,500 sqm in site area located in McGraths Hill, NSW in Sydney’s fast growing norwest. The property included recently completed purpose built self-storage buildings providing a total of 3,775 sqm in NLA. With significant land at both the front and rear of the site, ideal for further development. Storage King were engaged to professionally manage the facility as an operating partner.
In early 2022, a MOD application was made to the previously approved rear buildings including expanding their footprint and adding a storey to each building. The MOD was approved and construction works started in Apr-23. On completion, this expansion will add 5,777 sqm in NLA and make the total storage facility 9,550 sqm in NLA.