Investor stakes $2.55m claim on new Eastern Creek facility

Investor stakes $2.55m claim on new Eastern Creek facility
Investor stakes $2.55m claim on new Eastern Creek facility

A private investor has quickly purchased a brand new industrial facility in Eastern Creek’s Turn4 subdivision for $2.55 million, setting a new price record in the Western Sydney region in the process.

Located at 78 Peter Brock Drive, the property comprises a 1,113sqm building situated on a 2,039sqm site.

The building offers concrete panel construction, a column free warehouse with 8.8 metre internal clearance, two roller shutter doors and a ground floor reception area.

CBRE’s John Micallef and Matt Flynn, who negotiated the sale on behalf of a private owner, said there were a number of interested parties pursuing the property due to a lack of stock on the market, as well as the quality of the development. 

Located in the Eastern Creek industrial precinct, the property offered an opportunity to acquire a freestanding asset in Western Sydney’s industrial market.

The property was sold with vacant possession, however, the purchaser has appointed CBRE to lease the property.

Tags: 
Commercial Sale Industrial Property

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