A recently-refurbished, 2,991sqm industrial facility in Smithfield in Sydney’s west has been snapped up pre-auction for $3,230,000, plus GST.
A multi-national portable equipment hirer purchased 71 Long Street and will relocate its local headquarters from Sydney’s north-west.
Formerly home to a transport firm, the site features a large concrete yard and a 1,221sqm building with warehouse and office space and an expansive awning.
The warehouse offers clearances of up to 5.5 metres with access via two roller doors, while the multi-level office area has been refreshed.
Within Smithfield’s tightly-held industrial precinct, the property is in close proximity to arterial roads including the Cumberland Highway, Great Western Highway and M4 motorway.
CBRE’s Janet Joljian and Elijah Shakir managed the sale on behalf of the vendor, DSE Superannuation Fund, with an auction originally scheduled for mid-June.
“This secure and flexible site attracted strong interest, with the new owner moving to secure it before it could go to auction,” Ms Joljian said.
About CBRE Group, Inc.
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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.
