The former owner of industrial equipment manufacturer Quality Tool & Die NSW companys long-time base at 95 Percival Road sold for $3.21 million negotiated by Janet Joljian of CBRE.
The former owner of industrial equipment manufacturer Quality Tool & Die NSW companys long-time base at 95 Percival Road sold for $3.21 million negotiated by Janet Joljian of CBRE.
The 1,910sqm site at 95 Percival Road is currently leased to packaging firm Orora Group, with the sale price reflecting a yield of 3.43%.
Orora Group moved into the property upon Quality Tool & Die NSW’s owner’s retirement, on a lease running to October 2022, with the former toolmaker retaining ownership of the building.
The private buyer plans to eventually occupy the site, which has frontages on Percival Road and Woodpark Road and a freestanding 850sqm warehouse.
Zoned IN1 General Industrial, the property is just off the Cumberland Highway, and south of the Great Western Highway and M4 Motorway.
CBRE’s Janet Joljian managed the sale campaign on behalf of Quality Tool & Die (NSW) Pty Ltd, with seven registered bidders contesting the auction.
“This property attracted substantial interest from owner occupiers, developers and investors, which reflects the strong demand and lack of supply for purchase opportunities across western Sydney,” Ms Joljian said.
To request a sales analysis please email the CBRE selling agent via the below contact form.