A private investor has purchased an Epping industrial warehouse sold for $8,940,000, reflecting a record yield despite recent interest rate rises.

The 3,970sqm facility at 67 Gateway Boulevard is fully leased to Automatic Heating Global, a nationwide solutions provider for water-based heating, cooling and energy systems in building services.

CBRE’s Joe Brzezek and Daniel Eramo brokered the deal on behalf of a local vendor looking to re-weight capital into alternative investments.

“We estimate considerable rental uplift for the property at the expiry, given the recent growth in Epping over the past 12 months. 

Also read: Epping industrial land sold for a record land sale rate by CBRE 

Long established industrial leases are now under current market rent and tenants should expect significant rental increases at renewal.” Mr Brzezek said.

Mr Eramo added, “There is still high demand for industrial assets with a flight to quality from purchasers who are still willing to pay premiums for prime grade assets with strong fundamentals and this sale reflects that.”

To request a sales analysis including yield please contact the selling agents CBRE’s Joe Brzezek and Daniel Eramo via the below contact details. 

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Epping industrial land sold for a record land sale rate by CBRE 

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