“The main attraction for the tenant was the proximity to their current warehouse facility. The fully secured site and large concrete forecourt for loading and unloading was also a drawcard,” Mr Alessi said.
“The owners are currently applying for relevant licencing to operate their business from this building, so by leasing it short term, it has allowed them to generate some holding income.”
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.