Katoomba warehouse sells for $5 million

Local food distributor, Colless Foods has sold a refrigerated warehouse in Katoomba for $5,050,000 as owner Tom Colless is set to retire. 

Located at 32 Woodlands Road, the 19,291sqm site comprises a 3,647sqm purpose-built cold storage facility with trade retail capability, a new diesel generator, 306 solar panels and a 50,000-litre underground fuel tank. 

CBRE’s Matthew Alessi and Brendan Wein brokered the deal on behalf of Colless Foods. 

“The site is extremely unique, catering for cold storage users with the ability to retail from the property. Our sales campaign drew interest from local and nationwide owner-occupiers and investors,” Mr Alessi said.

“The local purchaser was attracted by the significant land area, excellent condition of the property and the large two-level corporate office as well as the quick availability to occupy the building.”