Silverwater Industrial Asset Sells for $11.6 Million | JLL

High-performing manufacturing facility draws strong buyer interest amid rising demand in Western Sydney

A sought after industrial property in Silverwater has been sold to an owner occupier for $11.6 million, reflecting the ongoing strength of Western Sydney’s infill locations.

The sale of 99 Carnarvon Street was negotiated by JLL’s Marco Chiodo, Sara Incerti and David Lidgard, achieving a competitive sale rate of $5,900 per square metre.

Located approximately 18km west of the Sydney CBD, the freestanding facility occupies a site of approximately 2,763sqm and features a circa 2,002sqm building.

According to Mr Chiodo the strong interest was driven by the attractive features of a fully secured site, excellent hardstand area and high-power supply of 650 amps with a dedicated on-site substation.

“The property is situated in the sought-after Silverwater industrial precinct, providing excellent access to major transport networks and infrastructure,” he said.

The facility includes a blend of manufacturing style warehousing and fitted office space, with a partially air-conditioned warehouse, two levels of office accommodation, and a mezzanine area. Supporting infrastructure includes a 102kW solar PV system. Zoned E4: General Industrial under the City of Parramatta Council, the site caters to a broad range of industrial users.

Ms Incerti highlighted the result was indicative of broader market trends.

“This transaction highlights the strong performance of secondary assets in Sydney’s Central West, driven by the scarcity of quality opportunities in tightly held precincts. Demand remains consistently high for well-located industrial properties,” she said.

Mr Lidgard said the region’s infrastructure investment was creating further demand for quality assets.

“Western Sydney continues to benefit from the NSW Government’s $93 billion infrastructure pipeline, including projects such as WestConnex and the Parramatta Light Rail, which are driving sustained demand for well-connected industrial property close to population and employment hubs,” he said.