One of the last remaining lots of industrial-zoned land in Wetherill Park in Sydney’s west has been purchased by a commercial cleaning company for $8.25m.
The firm will develop a new facility at 449A Victoria Street, a 5,235sqm property with IN1 zoning.
The site does not currently feature any improvements, and is occupied by energy infrastructure company Jemena on a lease running to November 2023.
The property offers easy access to major arterials such as the M7, M4 and Smithfield Road.
CBRE’s Janet Joljian and Elijah Shakir brokered the transaction on behalf of Wetherill Park APX Properties Pty Ltd.
“Fully-serviced parcels of land such as this have become incredibly rare in Wetherill Park,” Ms Joljian said.
“The sale price reflects a strong rate of more than $1,700/sqm on the useable land, highlighting that industrial demand remains at a strong level.”
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