Industrial investment property in Sydney's Ingleburn fetches $8.55 million

Industrial investment property in Sydney's Ingleburn fetches $8.55 million
Industrial investment property in Sydney's Ingleburn fetches $8.55 million

Real estate investment firm Fife Capital has bought a freestanding industrial property in Sydney's Ingleburn for $8.55 million in an off-market transaction through Savills.

The property at 6 Inglis Road comprises two warehouse /factories with ancillary office and amenities, concrete paved hard stand plus vacant land.

The site area is 35,600 sqm and the property has a gross leasable area (GLA) of 6,922 sqm plus additional awnings and 8,500 sqm of hard stand.

Savills Industrial senior executive Moshe Greengarten, who brokered the deal along with Ray Trimboli, said the property was sold on a yield of 7.4%.

Both buildings were fully leased and provided a rental income of nearly $635,020 per annum net, Greengarten added. 

Housam Yakzan of Savills Research said the industrial investment market is set to remain extremely strong.

“The volume of unsatisfied capital, especially from offshore, seeking investment opportunities in the office sector has resulted in investors seeking higher yielding alternative asset classes, this in turn has resulted in the industrial investment market remaining extremely strong.”

The property has direct access to both the M5 and M7 motorways and is on the Sydney, Canberra and Melbourne truck route.

Ingleburn is home to a range of large industrial users, including Toll, Linfox, DHL and CSR.

 

Tags: 
Sydney Industrial Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?