The home of one of Australia’s biggest brands, SIR The Label, has come to market in an iconic fashion hotspot.

The commercial showroom office at 2D Hayes Rd in Rosebery is currently leased to the brand on a three-plus-three-year term, with the property featuring an expansive showroom area with polished concrete floors and vaulted ceilings.

The 722sqm site has a net rental income of around $340,000, plus outgoings and GST, and comes with four external parking spaces plus a designated visitor carpark. A rear loading dock provides convenient truck access, while there are also premium bathroom and kitchen amenities.

The Rosebery market has dramatically changed in the last five years as gentrification of the area has seen many traditional industrial sites vacate and an increase in creative offices, showrooms and ‘pick and pack’ warehouses.

Rosebery has become a go-to suburb for notable fashion brands, with Zimmerman, White Fox and Nike all with head offices located there.

Trent Gallagher and Angus Urquhart of Colliers have the exclusive listing, with the property having price expectations of over $8 million and an anticipated net yield of around 4 per cent.

“The investment market is the strongest we have seen it in recent times with record yields being achieved daily. Quality investment stock in tightly held inner city locations is very hard to come by with recent transactions achieving yields of sub 4 per cent,” Mr Gallagher said.

“With an abundance of natural light and exposed timber and steel beams, the property has had a stunning refurbishment and is in a popular Rosebery address just seconds from Botany Road,” Mr Urquhart added.

The increased investment in the area has seen a big uplift in rents, with warehouses now achieving net $300 per sqm and creative offices achieving net $475 per sqm. Notable property groups have also invested, with Goodman recently opening their flagship office in Rosebery, as well as a highly anticipated commercial conversion development.

The Expressions of Interest Campaign for 2D Hayes Rd, Rosebery closes on Thursday, December 2nd, 2021.

To request a copy of the Information Memorandum please contact one of the marketing agents Trent Gallagher and Angus Urquhart of Colliers via the contact details below.