Investor bites into Sydney biscuit factory for $2.6 million through Raine & Horne

Investor bites into Sydney biscuit factory for $2.6 million through Raine & Horne
Investor bites into Sydney biscuit factory for $2.6 million through Raine & Horne

The former site of Italian biscuit manufacturer, Aurora Biscuits, in Sydney’s Marrickville has sold for $2.633 million to a private investor through Raine & Horne.

The factory, located at 44 Shepherd Street, is on 500 sqm land area and the selling price of $5,266 per square metre was “a record result for Marrickville,” said selling agent Luke Smith of Raine & Horne Commercial. 

Aurora Biscuits, famous for its green and red labelling, is winding down after current owner Joe Gullotto was unable to find a buyer to take over the biscuit manufacturer. The manufacturer’s products have been a regular on the shelves of independent grocers for the past 50 years.

“The factory is nearly 850 sqm over two levels and is zoned B7 Business Park making it ideal for a wide range of reconfigurations or developments,” said Smith.

The factory and warehouse offers front and rear roller shutter access, a goods hoist to the first floor, ample 3-phase power, car parking and a 2.3 X 2.3 m cool room.

“Located in a popular and central position just 6 kilometres from the Sydney CBD, this property is part of a rapidly evolving precinct that is attracting food providers, micro-breweries, bakeries, marketing agencies, coffee roasters, gyms and cafes, in addition to the district’s traditional industrial tenants,” said Smith.

Tags: 
Sydney Commercial Sale

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