A site well exposed to the Great Western Highway in Greystanes has leased for $182,000 Net excl. GST, to Hot Spot Autos Pty Ltd. The property achieved $18,000 per annum more than the full asking rate.
607 Great Western Highway is a 620sqm office, warehouse and awning with a huge yard totaling 2,701sqm land area. The yard offers high exposure to passing trade, 35kms west of the Sydney CBD and close to the M4/M7 motorways.
CBRE’s Matthew Alessi and John Micallef leased the site with co-agent James Zerefos of Bawdens Industrial on behalf of owner, Beige Pty Ltd. The term five-year with no incentive.
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.
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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.
