Perseverance pays off for a highly specialised facility

17 May 2024

A purpose-built cold storage facility has been sold for $1.85 million with vacant possession by Colliers’ Paul Tierney, National Director, Industrial & Logistics and Tom Barrett, Director, Industrial & Logistics.

Lot 16 & 17 Hull Court is located approximately 25 kilometres south of the Adelaide CBD within the established outer-southern industrial precinct of Lonsdale. This land rich highly specialised facility drew a lot of interest from a wide range of potential users. The challenge of finding the right purchaser for this asset from the market was something the Adelaide Industrial & Logistics team relished and are satisfied with the perseverance and ultimate outcome.

Colliers Industrial & Logistics National Director Paul Tierney, said, “The purpose-built facility of approximately 952 square metres is situated on a site of approximately 5,003 square metres and features 10 loading bays with full length canopy, 4 cool rooms with temperatures ranging from 0 to 2 degrees celcius, on-site parking with sealed hardstand and security fencing with gates,”

“The team worked through such a wide range of users and purchasers to get the right outcome for our client, this meant working with the vendor and purchaser throughout the process, we thank both parties for their commitment and we wish the successful purchaser all the best for their future endeavours on this site,” Mr. Tierney added.