A private owner occupier has purchased an industrial warehouse and office space in a popular southern Sydney location for $8.8 million.
A freehold building sitting on 1,869 sqm of land, the property comes with prized IN1 General Industrial zoning.
The subject property at 2 Meadow Way in Banksmeadow comprised of a high clearance/clear span warehouse, with dual roller door entry points.
The sale showcases just how high demand is for freehold industrial properties within this market, in particular for owner occupiers who are extremely eager to acquire.
The deal was negotiated by the Colliers team of Trent Gallagher and Nick Mallett.
“This sale showcases the continued high-level interest from buyers in the South Sydney industrial market, as buyers continue to search for quality stock in an attractive location,” Mr Gallagher said.
“Traditional freehold warehouses are in such high demand in the area and with available stock levels so tight it ensures each property that we are selling goes for an absolute premium price,” Mr Mallett added.
Buyer’s agent Tas Costi of Costi Cohen represented the purchaser.