Western Sydney’s value-add freestanding facility at 378 Vardys Road, Kings Park has been snatched up. Colliers Sydney West Industrial & Logistics National Directors Matthew Flynn and Paul McGlynn have successfully sold the 17,050m² site for $16,253,333.

The Colliers team were engaged on behalf of Liquidators Worrells to run an On-market Expressions of Interest campaign to seek a purchaser for 378 Vardys Road, Kings Park. The sale provided the rare opportunity to acquire a freestanding industrial & logistics building in the sought after growth precinct of Western Sydney.

“The 6,366m² freestanding building at Kings Park offered potential purchasers a number of key investment highlights, further creating appeal around the campaign.” Mentioned Mr Flynn.  

Positioned in a highly constrained in fill market with very limited land opportunities, the site at Kings Park further offered the potential opportunity to reposition the asset into a multi-tenanted estate. Ideally located, the site proximity provides main road prime exposure and convenient access to infrastructure and major arterial roads such as, Blacktown City Centre, Marayong Railway Station and the M7 Motorway.

Having a strong understanding of the Western Sydney market and backed by a significant track record, Matthew and Paul were across what was needed to execute a successful campaign in a complex market and how to deliver a desired result. 

“Taking the property to market via an expressions of interest campaign, we were focused on generating far and wide exposure of the opportunity and garnering interest in the site.” Mentioned Mr McGlynn.

In conjunction with this sales strategy, they further promoted the opportunity via canvassing and targeting local occupiers of the surrounding assets. The two strategies were seamlessly executed together, resulting in a competitive environment and heightened interest of the asset across the campaign.  

As a result of the opportunity the site provided future purchasers, the proximity of it and the well executed sales campaign strategy, Colliers experts were able to secure a neighbouring occupier to purchase the asset. 

The successful sale at 378 Vardys Road, Kings Park conducted by Colliers experts Matthew Flynn and Paul McGlynn represents a strong price for the 6,366m² freestanding property. The sale further demonstrates the team’s commitment to delivering a strong outcome for their valued clients. 

Colliers team showed throughout this campaign, how they are able to assist valued clients in navigating market complexities with expert guidance. Reach out to the experts involved in the sale at Kings Park for further information or how they can help accelerate your investment.

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