Local owner-occupier snaps up freestanding Clyde warehouse

A local owner-occupier has snapped up a freestanding warehouse in Clyde for $1,255,000.

It sold for a substantial amount over its reserve, $215,000.

The property at 4 Marsh Street comes with a 466sqm building area and 493sqm land area.

It had been occupied by an established tenant for the last 18 years.

The property was sold by Ray White Commercial NSW – Western Sydney Director Joseph Assaf and Associate Director Sam Bechara.

Mr Assaf said because of recent re-zoning in the immediate proximity to mixed-use residential, industrial properties in the area had become harder to come-by.

“There’s a real shortage of properties like this one, and that showed during the campaign with more than 80 enquiries and 31 contracts issued.

“We had eight bidders battling it out on the day, with the opening bid starting at $850,000, before climbing all the way up to the sale price of $1,255,000.

“The buyer had been looking for a property of this type in the area for a while and plans to occupy in the future for mechanical business purposes.” 

The asset offered a warehouse and office area, roller door access, high clearance, three-phase power, three on-site car parks, and truck access.