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Adjoining owner pays $4.15million for Glendenning industrial

Property Markets / Transactions

Australia

Feb 05 2017

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February 6, Sydney – The adjoining owner has paid $4.15 million for a freestanding office and warehouse facility at Glendenning in Sydney’s outer west in a deal brokered by Savills. 

The 15 Belfast Place property comprises a 2054 square metre, high quality building with a two level office component, 1387 square metres of warehousing with 8.8 metres internal clearance and six on-grade roller doors, and a 21 metre wide concrete hardstand area, on a 4392 square metre site within minutes of the M7 Motorway on and off ramps.

According to Savills Director Industrial & Business Services, Ray Trimboli, who managed the campaign with Director Metropolitan & Regional Sales, Robert Lowe, the property offered a rare investment or owner-occupier opportunity in the rapidly growing western corridor.

Mr Trimboli, said the property’s key attributes were its close proximity to key arterials, the high quality, operationally efficient, buildings and excellent truck access and hardstand areas.

``The property attracted strong enquiry from both owner-occupiers and investors but ultimately sold to the adjoining owner who will use the facility to expand their business,’’ Mr Trimboli said. 

The M7 Motorway is 1.8 kilometres to the South West while the M4 is 7.6 kilometres away and Richmond Road 1.4 kilometres.

The property was sold with vacant possession. The vendor was not disclosed . 

 

 

About Savills

Savills is a global real estate services provider listed on the London Stock Exchange. Savills operates from over 700 corporate and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, the UK, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. www.savills.com.au or www.savills.com. 

Follow @SavillsAus for the latest Australian and global real estate news and research.

 

 

SOURCE: Press Release

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