One of the first factories to be built within the Chipping Norton precinct has sold to a local buyer for $7,750,000.
 
JLL’s (NSW) Industrial Director Ryan Jennings and Associate Bella Cass brokered the deal for 42-46 Alfred Road on behalf of Karamin Pty Ltd.

This was done via a competitive Expressions of Interest campaign which generated more than 80 enquiries.

At a Glance:

• Factory sold for $7,750,000
• There were more than 80 enquiries to the Expressions of Interest campaign
• Freestanding approx 2,378 sqm building has a low site coverage and can be split into two separate areas
• Land area of approx 9,194 sqm

"This sale is another example of the strength of the industrial market despite the effects of COVID-19," Mr Jennings told WILLIAMS MEDIA.

"It was exciting to be involved in a sale with such a long history.

"Gleeman Truck Parts has operated from the site since the early 1970s and was one of the first factories to be built in the area.
 
"Over time Chipping Norton has changed quite significantly and new developments and ongoing upgrade of infrastructure has transformed the area into a highly sought-after industrial hub."
 
The freestanding 2,378 sqm building has a low site coverage and the factory has the ability to be split into two separate areas.

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