Sydney

Investors snap up new industrial units in Seven Hills

Rio Developments Pty Ltd has sold two new 278sqm industrial units in Seven Hills for a combined total of $2,350,000 +GST.

11 May 2020

Rio Developments Pty Ltd has sold two new 278sqm industrial units in Seven Hills for a combined total of $2,350,000 +GST.

Separate private investors purchased Units 1 and 10 on Brumby Street, as part of a 10-unit industrial estate.

The fully-secure premises offer quality, high-spec office accommodation, ample parking and an onsite sub-station that provides each unit with 80 amps of three phase power.

The units can be accessed via one container height roller door with an internal clearance of up to 7.5 metres.

CBRE’s Matthew Alessi negotiated the deals, noting it was the estate’s easy access to major arterial roads and the M7 and M2 motorways that attracted the buyers.

“Both purchasers were attracted to these buildings as they are located near major roads at the front of the estate, offering a balcony and exposure to passing traffic on the street,” said Mr Alessi.

“The estate is now complete and has three brand new units remaining for sale.”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.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.