Strength of industrial market on show as another warehouse sells

A 1,111 sqm industrial warehouse in Mascot has sold to PMCG Holdings Pty Limited for above $9 million.

The property at 712 Botany Road was sold by SDA Developments Pty Ltd and comes with three existing roller shutter doors, well-appointed office and storage areas and is located just a short walk from Mascot Train Station.

The deal was negotiated by the Colliers team of Angus Urquhart and Trent Gallagher.

“The deal shows just how strong the South Sydney market continues to be with properties being sold for record prices on a daily basis,” Mr Urquhart said.

“Due the evolving nature of the South Sydney market, we are seeing typical industrial users choose to move out to the South West and as a result many traditional factories are being converted into showrooms and creative offices,” Mr Gallagher added.