Sydney

Twin industrial units sell for $6.75m in Sydney's north

A local owner-occupier has purchased two industrial units for $6.75 million in Mount Kuring-Gai.

09 Sep 2019

A local owner-occupier has purchased two industrial units for $6.75 million in Mount Kuring-Gai. 

The units at 12 and 15, 22 Beaumont Road have a combined area of 3,132sqm. 

The two 1,566sqm units each feature 1,310sqm of high clearance, clear-span warehouse and 256sqm of high-quality mezzanine office accommodation.

CBRE’s Peter Mangraviti and Ben Byford negotiated the sale on behalf of a private investment syndicate, which was seeking to capitalise on the strong uplift in value seen across the north shore industrial market over the past 24 months. 

Mr Mangraviti said; “The buyer was a long-term Mount Kuring-Gai tenant and was drawn to the quality and functionality of the units, which both provide 40ft container access.” 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.