A warehouse in Sydney’s west has sold for $6,500,000 at auction, surpassing its reserve by $800,000.
A private investor purchased 17 Lisbon Street in Fairfield East, which comprises a freestanding 1,070sqm warehouse on a fully secure and concreted site area of 5,574sqm.
CBRE’s Elijah Shakir and John Tsoutsa managed the campaign and sold the site with a 12-month lease-back to Carways Pty Ltd at an annual net rental of $280,000+GST.
“The listing offered an array of options to developers, investors and owner-occupiers,” Mr Tsoutsa said.
“Bidding at the auction was incredibly competitive and resulted in the property selling for $800,000 above its reserve.”
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