Sized between 250 square metres and 298 square metres, the units were sold at prices ranging from $975,000 to $1,150,000 to a mix of investors and owner occupiers.

The sale rates ranged from between $3,950 per square metre to $4,100 per square metre.

Part of the Seven Hills industrial estate in Sydney, the units offer clearance heights of up to 7.5 metres and are accessed via a container height roller door while other drawcards included high quality, up-spec fixtures and fittings, an onsite sub-station, ample parking and access to the M7 and M2 Motorways and major arterial roads.

At a glance:

• Rio Developments sell seven of ten new strata industrial units in Sydney for a combined total of more than $7.5 million
• Sales rates ranged from $3,950 per square metre to $4,100 per square metre
• Three remaining units at Brumby Street site expected to be sold before Christmas

CBRE’s Matthew Alessi and Steph Di Val negotiated the sales at the 10 Brumby Street development in conjunction with Colliers International’s Hugo Hannah and Paul McGlynn.

Mr Alessi said that the estate was being speculatively built and was now nearing completion,” Mr Alessi said.

“The sales rates, which range between $3,950 per square metre and $4,100 per square metre, highlight the appetite from investors and owner occupiers for warehouses in Seven Hills, with the three remaining units expected to be sold prior to Christmas,” he said.

“Steph Di Val of CBRE is also a dedicated strata specialist, focusing on developments across metropolitan Sydney which is easily CBRE’s point of difference when selling down an industrial estate, a huge benefit to our clients.”

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