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.

β€œThe 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.

β€œDue 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.

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