Powder coating and fabrication business finds new Smithfield home

An owner occupier specialising in powder coating and fabrication has purchased an industrial warehouse in Smithfield to relocate their current operations.

Located at 8 Sammut Street, Smithfield, sold for $3,950,000, representing a sales rate of $4,876 per sqm on a building of 810sqm and a large land area of 1,398sqm. 

CBRE’s Janet Joljian brokered the deal via Private Treaty.

“This is the second property CBRE has sold on Sammut Street within the last six months, highlighting that demand for industrial space is increasing,” Ms Jolijan said. 

“The purchaser was attracted to the building due to its functionality, dual access and freestanding nature as well as the investment opportunity which the property presented, by having a short-term lease in place.”