Karoon Construction has purchased a Wetherill Park office/warehouse facility in Sydney’s west for $1,360,000.
Unit 12, 65 Elizabeth Street is currently leased until November 29 to chemical supplier Sika at $85,210 per annum (gross), plus GST with no option.
CBRE’s Janet Joljian and John Tsoutsa negotiated the deal on behalf of the private vendor.
“This sale is evidence of renewed buyer confidence in the strata market, particularly sites that have exclusive yard area,” Ms Joljian said.
Ms Joljian added that, for a unit of this size, a high sales rate of $3,309sqm was achieved.
The property benefits from proximate access to Prospect Highway, The Horsley Drive and the M4 and M7 Motorways.
The 1,047sqm property features a 411sqm building and 636sqm of yard space and is zoned IN1 General Industrial under Fairfield City Council.
The functional warehouse/office site is underpinned by a range of amenity, including roller shutter access, internal clearances ranging from 6.1m – 8m, three phase power supply, six car bays, security fencing and an air-conditioned office on the mezzanine level.
Unit 12, 65 Elizabeth Street is currently leased until November 29 to chemical supplier Sika at $85,210 per annum (gross), plus GST with no option.
CBRE’s Janet Joljian and John Tsoutsa negotiated the deal on behalf of the private vendor.
“This sale is evidence of renewed buyer confidence in the strata market, particularly sites that have exclusive yard area,” Ms Joljian said.
Ms Joljian added that, for a unit of this size, a high sales rate of $3,309sqm was achieved.
The property benefits from proximate access to Prospect Highway, The Horsley Drive and the M4 and M7 Motorways.
The 1,047sqm property features a 411sqm building and 636sqm of yard space and is zoned IN1 General Industrial under Fairfield City Council.
The functional warehouse/office site is underpinned by a range of amenity, including roller shutter access, internal clearances ranging from 6.1m – 8m, three phase power supply, six car bays, security fencing and an air-conditioned office on the mezzanine level.
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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 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.
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 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.
