“Given the tightly-held nature of the location and opportunity to complete or adapt the half-constructed building, the property was highly sought-after,” Mr Alessi said.
“That demand resulted in more than 130 enquiries, 13 registered bidders and 50 bids in a highly-competitive auction.
“A locally-based building company won out, and will take over the project for its new head office.”
Mr Dowdy added: “The large crowd on auction day highlights that despite the COVID-19 pandemic, buyers are still ready and willing to purchase well-situated commercial property.
“Due to a scarcity of land opportunities in Sydney’s Central West, there was significant interest from companies based in suburbs such as Silverwater and Rydalmere, enticed by the direct access offered by the M4.
“There were also interested parties from Botany and Alexandria, looking to move out west due to recent residential rezoning in South Sydney.”
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