Private Investors Seeking Quality Investments and High Returns
11 February 2016
A private investor has paid $2,750,000 on a 6 percent yield for an industrial facility in the industrial estate of Smeaton Grange in a deal brokered by Savills Parramatta Industrial & Business Services.
According to Savills Industrial Executive, Leigh Burges, the property at 18 Waler Crescent was sold subject to a long term lease, expiring in 2025 with a further five year option, to Douglas Partners Pty Ltd.
Constructed in August of 2015 the freestanding office/warehouse facility has a GLA of 900sq m and was built to accommodate Douglas Partners Geotechnical Engineers Sydney head office requirements.
The office component is situated over two levels and also included a laboratory testing area and clean room. The warehouse facility has a large hardstand area of approximately 823sq m for additional car and truck parking. This additional area has the potential to constructing an additional building up to 700sq m (STCA) following the expiration of the current lease.
Mr Burges said that the majority of enquiry came from private investors, all looking for premium assets, situated in prime locations and with excellent leasing covenants.
Located in the thriving south west of Sydney, 18 Waler Crescent is 3km from the M5 with direct access to the Westlink M7 and the Hume Highway.
