Sydney, 30 September 2015 – A private investor has swooped on a brand new industrial facility in Eastern Creek’s Turn4 subdivision for $2.55 million (plus GST) – setting a new price record in the Western Sydney region.
Located at 78 Peter Brock Drive, the property comprises a 1,113sqm building situated on a 2,039sqm site.
The building offers full height concrete panel construction, a column free warehouse with internal clearances of 8.8 metres, two roller shutter doors and a ground floor reception area with lunch rooms. The first floor offices are carpeted and air conditioned, with amenities on both levels.
CBRE’s John Micallef and Matt Flynn, who negotiated the sale on behalf of a private owner, said there were a number of interested parties pursuing the property due to a lack of stock on the market, as well as the quality of the development.
“Located in the ever popular Eastern Creek industrial precinct, this property offered an attractive opportunity to acquire a quality freestanding asset in Western Sydney’s premium industrial market,” Mr Micallef said.
“The strong sales result, which set a new standard in the area, is testament to the strength of the industrial sales market at present.”
The property was sold with vacant possession, however, the purchaser has appointed CBRE to lease the property on its behalf.
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