Campbelltown lot snapped up for $11m

A business in the concrete industry has purchased an 8,095sqm property in Campbelltown for $11 million, following a hotly-contested auction.

The site, 62-64 Blaxland Road, was one of the last remaining industrial-zoned land parcels in Campbelltown, with the owner-occupier’s purchase representing a land price of $1,358/sqm.

In a prominent location and featuring a 62m frontage to Blaxland Road, the lot currently features a 1,050sqm improvement and offers easy access to the Hume Highway.

CBRE’s Robert Dowdy, Tom Rourke and Adam Tresidder managed the sale campaign on behalf of the private vendor.

“Parcels of industrial land of this size and near major arterial roads are scarce, and this was underlined by the demand we fielded from owner occupiers, investors and developers,” Mr Dowdy said.

“Despite interest rates rising, buyer enquiry has remained strong, with parties ready and willing to secure industrial assets in growth areas.”