Kingsgrove Property Trust

Kingsgrove Property Trust acquired a very well located commercial / industrial property at 6 The Crescent, Kingsgrove in 2013.

The asset is a multi unit industrial facility providing a mix of warehouse and office accommodation over a Gross Lettable Area of 12,567 square metres, along with substantial hardstand area of approximately 7,496 square metres. The site area is 24,000 square metres and the property also contains 129 basement parking spaces and storage areas.

4,096 sqm of the warehouse plus the hard stand area is leased on a very long term lease to the current Government bus operator with Transport for NSW having multiple options thereafter and well beyond the current bus operators tenure to ensure the property is available as a bus depot for many years to come.

The office accommodation includes a recently developed 26-office suite level with three shared meeting rooms, break out rooms, kitchen, dining and bathroom facilities.

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